On 11 Sep 2000 18:26:22 CDT, the world broke into rejoicing as
John Hasler <[EMAIL PROTECTED]> said:
> Phillip Shelton writes:
> > Then maybe you can answer why you keep the _number_ of shares that you own
> > in any one company.
>
> I don't understand what you are asking.
>
> > Because the _number_ of shares is an inventory problem not accounting.
>
> Yes.
Ah, but _accounting_ for inventory _is_, most certainly, an accounting
problem. And that is the focus of the tracking of inventory.
The main time that accounting can get completely abstracted away from an
accounting for a variety of commodities is when it results from there
being one SOLE commodity, namely a single currency. That is only true
if you're a bank that operates only in one currency, in other words, a
"back woods" US bank...
Anywhere else, there will be a multiplicity of commodities, likely
including some form of inventory...
--
[EMAIL PROTECTED] - <http://www.hex.net/~cbbrowne/finances.html>
"Unless you're on the Forbes' richest 100 list, you're not a market,
just another photon in the rainbow."
-- Monty Brandenberg <[EMAIL PROTECTED]>
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