Hear, hear! Thanks John! David
-------- Original Message -------- From: Adrien Monteleone <[email protected]> Sent: Sun May 03 07:59:18 GMT+05:30 2020 To: Gnucash Users <[email protected]> Subject: Re: [GNC] How do I add stock trades? An even more thorough explanation and understanding. Thanks John! Regards, Adrien > On May 2, 2020 w18d123, at 5:11 PM, John Ralls <[email protected]> wrote: > > Not quite right. While it's correct that in GnuCash's code a currency is a > commodity with a special namespace, and that an account has only one > commodity member variable, it's not quite right about a non-currency > commodity account not having a currency. > > Remember that a split has two commodity fields, amount and value, and that > transactions have a transaction currency field. It's called transaction > currency because it *must* be a currency, and it's the currency in which all > of the value fields are denominated. > > If you begin a transaction in an account register whose commodity is > non-currency GnuCash will look up the hierarchy until it finds a parent > account in currency and use the first one it finds for the transaction > currency. It does the same in reports, in the Accounts page, and in the > summary bar when applying prices from the pricedb. That currency of the first > parent account with a currency for its commodity is sometime referred to in > the documentation as that child account's currency. > > Regards, > John Ralls > >> On May 2, 2020, at 10:16 AM, Adrien Monteleone >> <[email protected]> wrote: >> >> Yes, I misspoke. Thank you. Technically it is denominated in itself. And >> technical accuracy is no minor point, especially with accounting, and leads >> to clearer understanding. >> >> Regards, >> Adrien _______________________________________________ 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. _______________________________________________ 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.
