Double-Entry Accounting in Modern Times


My Shareholder Oriented Financial Accounting (S-OFA) Standards will require that debits equal credits. Duh.  But if I am truly going to start with a clean sheet of paper, then I am compelled to explain how double-entry accounting serves a purpose.  I see three possible justifications: Error checking — But I expect we can readily agree that the days…
Did you miss our previous article…
https://www.digital-accountants.com/?p=206

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