The Meaning Of Double Entry
All methodical accounting is based on the principle of double entry, of which the first recorded use was amongst the Genoese in the fifteenth century. This simple theory is based on the assumption that there are two aspects to every transaction: one the surrender of a benefit and other the gain of a corresponding benefit....
The Principles Of Accounting
Accounting may be defined as the art and science of recording business transactions in a methodical manner so as to show : [a] the true state of the affairs of a business at a particular point of time, and [b] the surplus or deficiency which has accrued during a specified period. Development in the application...
Management & Technocrat
It would not be surprising if the reader by now is resigned to close encounters with more equations and formulate that have become the hallmarks of modern business analysis. While quantitative tools are important, they are not the end-all of management, even financial management. We can take a cue from Peter F Drucker: Managers practice...
