Robert Graham Merkel wrote:
>
> As part of reviewing the documentation, I had a look at the
> balance-sheet and profit-and-loss code. It's apparent that neither of
> them currently deals with dates.
I missed that, too.
> Now, going back to accounting class in high school (boy, was that a
> long time ago), a balance sheet is something that is performed
> instantaneously - in essence, you pick a moment in time, examine the
> value of assets and liabilities (including cash and stocks) at that
> instant, and report that. In the gnucash context, we examine the
> balances of accounts other than income and expense categories at an
> instant and report those balances.
Right.
> For profit and loss statements, however, the situation is a little
> different. To figure out the overall profit for an accounting period,
> you need to count only that income and the expenses for that period.
>
> Am I missing anything here?
How do you consider stock price changes? If you enter a 'price' split in
a stock register there's no transaction from/to an income/expense
account
associated with it, nevertheless you make a profit or loss.
--
Herbert Thoma
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