On Sep 20, 2010, at 1:48 PM, Andrew Potter wrote: > 2010/9/20 Łukasz Stelmach <[email protected]> > What is the difference between > Assets:Coins 5 Pennies @ =$0.01 > > I believe this means that these 5 Pennies was worth 1 cent each, and they > will always be worth 1 cent; the value of "Pennies" never changes.
Everything Andrew says is correct, with the clarification that the above means that these particular Pennies will never change in price; but this says nothing about other pennies you may trade. > > Assets:Coins 5 Pennies @ $0.01 > > This means that you got 5 pennies for a price of 1 cent each. To be more > clear, > > Assets:Stocks 100 GOOG @ $80 > > Means you bought 100 shares of GOOG at $80 each, but the value of GOOG may > increase in the future. So if Ledger sees later that 1 GOOG is worth $200, > then it will revalue the original 100 GOOG to be worth $20,000. > > Feel free to correct me if I'm wrong John :) > > -- > Andrew >
