The Integrity Of The Double-Entry Bookkeeping System

A great read for anyone wanting to learn more about bookkeeping 🙂

The Young Financier

Bookkeeping at its best

“A double-entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts.” This system has been around since the 14th century and was first published by Luca Pacioli, a Franciscan friar in the 15th century. Merchants in Venice were among the first to fully integrate their bookkeeping systems with this practice.

All of today’s popular bookkeeping and accounting software packages use the double-entry system which is far less exhausting than it was when entries were made in multiple journals with pens. The system is very effective and ensures the integrity of the bookkeeping with simple checks and balances. However, even with today’s software, errors can occur if the chart of accounts is not created accurately. There is also the element of human error that even with…

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Can you figure out which stations these are? 🙂

Stephen Chapman

A while back I was playing with the idea of taking an iconic image and amending it slightly to produced new art forms. I expect the copyright police to come-a-calling as I chose the London Underground.

Many of you will know the Underground map, but without the place names and the Thames, can you spot the locations?

 

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This gentleman has an amazing blog! Very funny and informative at the same time. Definitely worth a read and a follow! 🙂

The Crazy Nigerian

It was pretty random how I decided to write an article of a mere 535 words which would later generate over 11,000 views – a fifth of my current page view total on my entire website! The number of page views keeps growing, to the envy of all my other interesting phenomenal 250+ articles who look on in despair (*Insert tears here*). Here’s proof…

Stats - How to make a chapman drink

Now, before you read any further you have 2 choices:

  • You take the blue pill – You click here to find out what THAT article is then you can go back to browsing whatever sites you enjoy browsing.
  • You take the red pill – You stay in Wonderland and see just how you can get more people to read your blog and how to get more comments

And now for my 5 secrets…

1.Pic 1People are ALWAYS searching for ‘how to’ do something. Think…

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