On Sun, Oct 01, 2000 at 07:22:31PM -0700, Dave Peticolas wrote:
> I think this is where our understanding differs. I have never
> understood the 'value' as something being exchanged. It's the value of
> the 'damount' being exchanged in whatever currency you are doing your
> accounting for that acc
On Sun, 01 Oct 2000 14:37:40 PDT, the world broke into rejoicing as
Dave Peticolas <[EMAIL PROTECTED]> said:
> writes:
> > On Fri, Sep 29, 2000 at 04:50:18PM -0700, Dave Peticolas wrote:
> > > I think there is an additional issue for transactions. Consider
> > > a transfer between two accounts w
Al Snell writes:
> On Sun, 1 Oct 2000, Dave Peticolas wrote:
>
> > What if we required transactions to have a common valuation currency?
> > What if the currency were associated with transactions instead of
> > splits, and we always balanced with the value?
>
> I designed a financial system once
writes:
>
> They are interchangeable for the purposes of balancing, IMO. A split
> with both a damount and a value is a concrete statement of a financial
> identity. 100 USD is equivalent to 107 EUR in that transaction (for
> example), and even stronger: 100 USD was exchanged for 107 EUR in th
On Sun, Oct 01, 2000 at 02:37:40PM -0700, Dave Peticolas wrote:
> To me, the above transaction says "I took $100 out of my bank account
> and put it in my cash account. The $100 dollars coming out of my bank
> account is worth 105 Euros and the $100 going into the cash account is
> worth 65 Pounds
On Sun, 1 Oct 2000, Dave Peticolas wrote:
> What if we required transactions to have a common valuation currency?
> What if the currency were associated with transactions instead of
> splits, and we always balanced with the value?
I designed a financial system once - for internal cost accounting
writes:
> On Fri, Sep 29, 2000 at 04:50:18PM -0700, Dave Peticolas wrote:
> > I think there is an additional issue for transactions. Consider
> > a transfer between two accounts with the same security (USD).
> >
> > AcctDR CR
> > bank (USD)
On Fri, Sep 29, 2000 at 04:50:18PM -0700, Dave Peticolas wrote:
> I think there is an additional issue for transactions. Consider
> a transfer between two accounts with the same security (USD).
>
> AcctDR CR
> bank (USD) US
writes:
> More thoughts about the currency stuff. I think there are at least
> two issues here which keep getting conflated, but it's hard to keep
> them apart. Sorry about the rambly length. I'd appreciate any
> thoughts.
...
> Removing the Account's currency pointer.
>
More thoughts about the currency stuff. I think there are at least
two issues here which keep getting conflated, but it's hard to keep
them apart. Sorry about the rambly length. I'd appreciate any
thoughts.
About the global A = L + E problem and accounting currency:
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