Stock Price / Exchange Rates Used while Closing Book

[Derek Atkins]

Prasad Marla <prasadmn at gmail.com> writes:

> Hi Gurus
>
> Which stock price / exchange rate does Gnucash use when closing the book ?

None.

It just zeroizes all the Income and Expense accounts back into equity in
the same currency as those I/E accounts.  E.g., if you have both USD and
CAD Income and/or expense accounts then the closing process will create
USD and CAD equity accounts and transfer the income and expenses there.

So, there is no exchange rate processed during closing.

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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