Long, Adrien's description applies to the situation where you are starting off with all your money in the one currency, the home currency of your set of accounts /book and then you subsequently have trading transactions. If this is your situation, then you will not need foreign currency accounts in equity.
A more general situation is that when you start recording in your books you might initially have money held in more than one currency. E.g some in VND and some already in USD. If this is the case then you will have to have Equity:Opening Balances:<cur> accounts for each currency you hold money in at that time where <cur> takes the value of each currency you hold. In either case the Balance Sheet and Income Statement will reflect this and convert any foreign currency amounts to then main currency of the book. Hope this is a bit clearer. David ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
