I will add this to the docs.  I will take me a few days.

On Wed, Sep 18, 2013 at 8:42 AM, Brandon Rhodes <[email protected]>wrote:

> I wrote:
>
> > 2005/08/01 Stock sale
> >             Assets:Broker                   -50 APPL {$30.00} @ $50.00
> >             Expenses:Broker:Commissions       $19.95
> >             Income:Capital Gains          $-1,000.00
> >             Assets:Broker                  $2,500.00
> >
> > There are three problems with this.
>
> I was wrong; there are four, I just forgot to mention the last one.
>
> Problem number four is that there is no check here for whether the
> notation "@ $50.00" is actually correct!  Try it: grab the balanced
> version of the transaction that I provide a bit further down in my
> email, and start changing the stock price.  For example, let's add $100
> to the sale price of the stock:
>
> 2005/08/01 Stock sale
>             Assets:Broker                   -50 APPL {$30.00} @ $150.00
>             Expenses:Broker:Commissions       $29.95
>             Income:Capital Gains          $-1,010.00
>             Assets:Broker                  $2,480.05
>
> Ledger is not bothered at all and will not complain in the least that
> the cash actually generated by the sale is far too little given the
> stated price of the stock.  This defect is not, by contrast, suffered by
> the fixed version that I recommended; if you get the stock price wrong
> in the version I offered, then both transactions will be unbalanced
> until you fix it.
>
> In fact, I cannot see that Ledger does anything useful to balance the
> numbers when a two-price expression like "{$30.00} @ $50.00" is used,
> and so I avoid such constructions entirely!  So far as I can see, they
> cause no actual double-entry bookkeeping to take place.
>
> So the stock-sale reporting method currently recommended in the
> documentation has *two* entirely un-checked degrees of freedom, when
> there should be none: the stock price can be wrong and Ledger will not
> flag it, and (as described in my first email) the commission can be
> wrong and Ledger will not complain so long as the capital gains number
> is also wrong to compensate.
>
> --
> Brandon Rhodes      [email protected]
> http://rhodesmill.org/brandon
>
> --
>
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-- 
Craig, Corona De Tucson, AZ
enderw88.wordpress.com

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