Problem creating a "Currency" account.

[Charles Day]

On Sat, Jun 28, 2008 at 7:59 AM, Daniel Carrera <daniel.carrera at zmsl.com>
wrote:

> Mike Alexander wrote:
> >> I need to look at Mike Alexander's patch.  I wonder if we need a
> >> "trading" account type that is neither equity nor income as a special
> >> account type to handle this.
> >
> > One of the things my patch does is to allow any commodity in an income
> > account (if the option to use commodity accounts is on).  It seems to
> > me that this is really the wrong way to do it and that these accounts
> > should be a new account type.  However I haven't made the changes to
> > implement a new account type for them yet.
>
> I think Charles made a strong argument that these accounts should be
> income after all. If we use commodity accounts like Commodity:USD and
> Commodity:Gold and the parent account "Commodity" is of type income,
> then capital gains and loses due to changes in the price of gold will be
> coming from an income account, which makes a lot of sense.
>

And for gold you can substitute stocks, ETF's, mutual funds, bonds, barrels
of crude, derivatives, options, futures contracts, whatever. A new account
type may or may not be required, but it would at least have to be an account
type that qualifies to appear on a profit & loss statement. But now we are
getting into how to actually implement trading accounts in GnuCash, and for
the moment I'm more concerned that we are all on the same page with the idea
to begin with. If no one can convince Derek that this is a good idea, it may
never make it into a GnuCash release.

-Charles


> Daniel.
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