The central issue was whether to adopt the internationally accepted double-entry bookkeeping
and the financial reporting practices prevailing in the West or to establish new accounting systems, to satisfy the administration needs of the new Socialist economy.
So it was a very unexpected area for me to be considering writing a book on something as unlikely as double-entry bookkeeping
1975) "Notes on Double-Entry Bookkeeping
and Economic Progress," Journal of European Economic History, IV, 3 (Winter), pp.
Chapter 2, "Counting Becomes Accounting," detects cipher-substitutions in Renaissance finances, as when doge Andrea Gritti distributes coins -- instead of gamebirds -- to Venetian patricians, and Luca Pacioli introduces double-entry bookkeeping
Having dealt, under the heading of `Family', with rationality, double-entry bookkeeping
, kinship ties, demography, and `love, lust and literacy', Goody wisely drops affairs of the heart for a subject even more intricate, which he simplifies by moving the goalposts.
Schweicker was the pioneer of promoting Pacioli's double-entry bookkeeping
in Germany and tried to improve the method of the total balance sheet that was used to close the ledger by Pacioli's method.
Furthermore, Rick Elam of the AICPA has stated that "Traditional double-entry bookkeeping
is becoming the Latin of business school - interesting to study and useful from a historical perspective, but not in demand in everyday practice.
Bush only adopted double-entry bookkeeping
towards the end of his life, and it is possible that he himself often did not know exactly where he stood.
Life in western Europe was marked by increasing urbanization, heightened industrial activity, and the expansion of local commerce and long-distance trade; the craft guilds thrived, thanks to newly created universities, alliances between widely dispersed merchants, central governments, liberalized attitudes toward lending money at interest, the beginning of standardized production, and the growth of double-entry bookkeeping
For the industrial era, double-entry bookkeeping
evolved to record the changes in wealth through the creation of income and funds flow statements.
The technical person may end up acquiescing to the bookkeeper's will in the matter, because concepts such as general ledger, journals and double-entry bookkeeping
do not appear to have a significant meaning.
balance of payments accounts, a double-entry bookkeeping
system, should equal zero.