[GNC] Bad account setup in Guide §12; was: Should i create "Equity Account" for each currency I had ?

David Cousens davidcousens at bigpond.com
Thu Apr 16 22:58:04 EDT 2020


Frank

Ignore my comment about whether trading gains and losses should appear in
the balance sheet or  income statement. I've done a bit of research and both
under the FASB in the US and the IFRS and the AAS in Australia as far as I
can tell such gains and losses are recognized and reported under Equity as
Other Comprehensive Income so the current balance sheet reports them
appropriately.

David



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David Cousens
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