> On Jun 23, 2023, at 11:44, Fred Tydeman <[email protected]> wrote:
>
> If I sell a stock for a profit, I can think of two ways to record the
> transaction.
>
> 1) Record the sale with the sell price. This results in less shares in
> the stock
> account, and more cash somewhere else; and two trending transactions.
> This shows up as four splits.
> But, then, how do I find out the profit in a GnuCash report?
>
> 2) Record the sale with the buy price along with a transfer to an explicit
> capital gains income account (and the above four splits).
>
> Does it matter? Which is better?
You must do both, see Chapter 11 of the Tutorial and Concepts Guide
(https://www.gnucash.org/docs/v4/C/gnucash-guide/chapter_capgain.html).
And BTW that applies to every disposal of any commodity that isn't your home
currency, even when you have a foreign bank account and use it to defray an
expense, and it's easier in the long run if you do so when doing an asset
transfer like buying stock in a foreign currency.
Fail and you'll never get a balanced Trial Balance report.
Regards,
John Ralls
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