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.
>
