Double entry system Bachelors Online Degree, May 2017 -
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Monthly Archives: May 2017

Accounting in Action

Well, Accounting in Action consider this quote from Harold Geneen, the former chairman of IT&T: “To be good at your business, you have to know the numbers—cold.” In business, accounting and financial statements are the means for communicating the numbers. If you don’t know how to read financial statements you can’t ...

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Double entry system is the main point of accounting

With the change in the nature of trade and trade in the present world, new scientific methods have been introduced in the changing of the ancient method of accounting. This method is generally referred to as the Double entry system. In 1994, an Italian scholar named Luca Passioli first discovered ...

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