Re: [GNC] unrealized gain / losses for mutual funds

2022-05-15 Thread Michael or Penny Novack
Problem is, the example applies to a painting, that is an object whose value changes, not shares whose number remains constant but whose value changes, thus leading to a change in total valuation. There's no accounting difference between a painting and a share of stock, though using a paint

Re: [GNC] unrealized gain / losses for mutual funds

2022-05-15 Thread john
> On May 15, 2022, at 8:15 AM, Andrea Borgia wrote: > > Since the end goal is to derive unrealized P&L and then include those in the > economic result for the year, I thought I could record a fake sale, after all > at book opening the next year I do a fake purchase (with same price, just one

Re: [GNC] unrealized gain / losses for mutual funds

2022-05-15 Thread john
> On May 15, 2022, at 8:15 AM, Andrea Borgia wrote: > > Problem is, the example applies to a painting, that is an object whose value > changes, not shares whose number remains constant but whose value changes, > thus leading to a change in total valuation. There's no accounting difference b

Re: [GNC] unrealized gain / losses for mutual funds

2022-05-15 Thread Michael or Penny Novack
On 5/15/2022 11:15 AM, Andrea Borgia wrote: Trying to improve my book-keeping, I would like to tackle this issue now so I went to the documentation, precisely "11.4.1. Unrealized Gains". Problem is, the example applies to a painting, that is an object whose value changes, not shares whose numb

[GNC] unrealized gain / losses for mutual funds

2022-05-15 Thread Andrea Borgia
Hello. Trying to improve my book-keeping, I would like to tackle this issue now so I went to the documentation, precisely "11.4.1. Unrealized Gains". Problem is, the example applies to a painting, that is an object whose value changes, not shares whose number remains constant but whose value