Analytical And Theoretical Extensions of Double Entry
Analytical And Theoretical Extensions of Double Entry
James J James John Linn
The book Analytical And Theoretical Extensions of Double Entry was written by author James J James John Linn Here you can read free online of Analytical And Theoretical Extensions of Double Entry book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Analytical And Theoretical Extensions of Double Entry a good or bad book?
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, p. 1. Operational Mechanisms To introduce an additional partitioning into the traditional system of double entry, say P (in addition to A for assets and E for equities), it is necessary to introduce some mechanism analogous to debit-credit for this third partitioning which can be integrated with the classical debit-credit mechanism. An inspection of Table I will illustrate some of the problems this entails. The left side of Table I is a presentation in tabular form of the relationship between... the two partitions, increases or decreases, and the debit-credit mechanism. The right side of Table I is a representation of : the extended double entry concept. The analog of debit and credit for the new partition has been designated as evit and abbreviated as er. As shown in the illustration the first line is easy to fill. It is the second line which is difficult. Table I Classical Assets = Equities dr cr or df dr cr The problem is how to represent a decrease in P ; by a dr or a cr( As you will notice from the second line of the classical case, debit and credit mean decrease when reversed.
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