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Accounting

If you are involved in business then at some point or the other you will also be involved with accounting, even if it is only a single entry system. However, we are covering the double entry system here and your familiarity with it. You may also wish to express the faults of the equations involved in accounting and if you think there is a better system with regards to Business.

Accounting

Though I have not had extensive college-level education in accounting, I work at college level through years of on-the-job training, and in particular my position now as accounting manager. I could never really understand the concept of single-entry accounting -- how does one balance the books? The whole concept of "balance" indicates two entries.

Accounting History & Civil Business Politics

I do not know about other countries, but double-entry is a means for management to assess where the business 'is' at any given moment. However, in essence single entry is what tells exactly how much money you owe the government (taxes) and real profit / loss as many 'other' books in accounting are more or less estimates of value and the government does not accept an estimate. On a smaller level a 'balance' procedure for single entry is based on reconciliation to ensure what you have on record matches all your purchases and what is in the bank. There is no depreciation value to worry about so there is no need for double-entry.

Accounting

Specific articles about different aspects of Accounting, Accounting Made Easy and general Accounting information can be found at: www.international-discussion.net/accounting/