Observations from Italy, 2018. Here in Italy’s South Tirol, there are no great political convictions, only the constant complaint against whoever is in power. I often image that if Mussolini’s ghost won the next election, the attitude would be the… Read More ›
Month: April 2024
Update (15 April 2024)
Plans are already afoot on compiling as much information as possible from the Bookkeeping Certification courses. I was able to figure out how Kapital is used to create actual goods and services and how they were gained from transactional sales…. Read More ›
Update (14 April 2024)
After writing those three new Entries for Section One of Work-Standard Accounting Practices, I decided to take a break and start reading through the academic literature I found while researching for both the Second Edition and my Bookkeeping Certificate coursework…. Read More ›
Work-Standard Accounting Practices: Accounts Uncollectible and Contra Accounts
As established in the preceding Entries, the Kapital and Schuld tracked by Accountants and Bookkeepers in Double-Entry Account Bookkeeping have substantiated existences. There is Kapital being earned and spent as well as Schuld being incurred and reduced over the course… Read More ›
Update (13 April 2024)
There should no longer be any doubts about plans for the Second Edition of Work-Standard Accounting Practices. I just finished two Entries yesterday. For today and tomorrow, I am going to work on a few more Entries in hopes of… Read More ›
Work-Standard Accounting Practices: Receipts and Invoices in Double-Entry Account Bookkeeping
The transactional sales that occur under Double-Entry Account Bookkeeping will always include documentation for those affected by the movement of Kapital and Schuld. Returning to the example established in the preceding Entry, suppose there was a contextual event that prompted… Read More ›
Work-Standard Accounting Practices: Daybook Journal and T-Chart
The simple mathematical equation associated with Double-Entry Account Bookkeeping is designed to allow an Accountant and their assistant, a “Bookkeeper,” to create documents describing the movements of Kapital and Schuld between different entities. The Bookkeeper compiles the documentation for the… Read More ›
Update (12 April 2024)
For the purposes of the proposed plans to write the Second Edition of Work-Standard Accounting Practices, I will be writing a few Entries today and over the weekend. I am thinking about relaying the information from the certification course first… Read More ›
Germany 73, America 45, Japan 15 and India 0, you will be shocked to see these figures.
Worldwide recession probability: The probability of recession for America is 45 percent. The recession probability for Germany is 73 percent. This estimate for India is 0 percent. Indian Economy News: Indian economy continues to be the fastest growing economy among… Read More ›
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