[GNC] dollar signs in reports
Michael or Penny Novack
stepbystepfarm at comcast.net
Fri Sep 20 18:15:13 EDT 2024
On 9/20/2024 12:26 PM, Murugan Mariappan wrote:
> If you want to register and track non standard ISO currency , create
> it as a security and register and track.
I was assuming that what was wanted was full accounting in this other
unit of exchange. The fact that "rules" might make it not exchangeable
with any ISO currency does not make it "non-currency" to the
people/group who are using it in some sort of exchange. Keep in mind
that we tend to think of our real money as being universally
exchangeable but our society ALSO has rules << think of things you are
NOT allowed to buy/sell for money -- easier that way, because by our
rules most things can be >>
Let's say the folks of Yap, having cell phones and computers these days,
wanted to have an accounting system for rai (those big stones often
called "Yap money". Instead of depending on memory, who owns what part
of which rai. These shares of a rai are used only for some specialized
transaction (important social transactions, such as marriage,
inheritance <https://en.wikipedia.org/wiki/Inheritance>, political
deals, sign of an alliance, ransom
<https://en.wikipedia.org/wiki/Ransom> of the battle dead, etc,). In Yap
society you CAN'T use ordinary money for those social transactions, nor
can you buy a share of a rai for ordinary money.
Michael D Novack
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