Duplicated "Trading" accounts
Mike Alexander
mta at umich.edu
Thu Mar 1 03:03:34 EST 2012
--On February 29, 2012 1:22:32 PM -0500 Derek Atkins <warlord at MIT.EDU>
wrote:
> David Carlson <carlson.dl at sbcglobal.net> writes:
>
>> What, exactly, is a 'Trading" account? Is it something special that
>> is aimed at day-traders, or is it for average investors?
>
> "trading accounts" are used to perform multi-currency double-entry
> accounting, to better account for gains and losses when transfering
> assets from one commodity to another. It's a feature of GnuCash that
> you have to "turn on" and it will auto-generate additional split
> entries for you to keep track of the movement.
See <http://www.mathstat.dal.ca/~selinger/accounting/tutorial.html> for
more information on this subject.
Mike
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