On Thu, Feb 10, 2000 at 10:00:35PM +1100, Robert Graham Merkel wrote:
> <snip>
> > > 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.
>
> Correct. However, I don't know how one accounts for such things.
> Can somebody provide some guidance here?
>
For tax purposes this is, I think, usually not counted as profit. You
only make a profit upon sale. Since tax calculations are one of the more
important reasons for using an accounting program I suggest we use that
as a guideline.
Jan
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Jan Schrage [EMAIL PROTECTED]
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