We have previously discussed how Liabilities represent Quantities of Schuld an Economic Organization owes and Equities the Quantities of Kapital an Economic Organization earns. We even discussed how the Inventory, as Assets, has different ways of evaluating the Values of… Read More ›
Day: April 21, 2024
Work-Standard Accounting Practices: Evaluating Profitability and Utility (Pt. I of II)
For this two-part Entry of Work-Standard Accounting Practices, we will be evaluating some aspects of Double-Entry Account Bookkeeping that are intimately related to Production for Profit/Utility. Given what was discussed about those two Modes of Production in The Third Place… Read More ›
Work-Standard Accounting Practices: Direct Write-Off and Allowance Methods
In addition to the Cash-Basis and Accrual Methods, there is the “Direct Write-Off Method” and the “Allowance Method” for recording and the tracking accumulations of Bad Schuld in Accounts Uncollectible. Remember, Bad Schuld is Schuld that has no chance of… Read More ›
Update (21 April 2024)
There are about two more Entries that I would like to write for Section One of Work-Standard Accounting Practices (2nd Ed.). Today, a new Entry for Section One is scheduled to go live within the next thirty minutes after this… Read More ›