Currently away from my PC at the moment for some important assignment outside of the Blog. Anyway, I have taken the time to make a mock draft of the webpage for the Second Edition of Work-Standard Accounting Practices. It’s far… Read More ›
Accounting
Update (27 April 2024)
Now that I have completed the first of the Entries for Section of Work-Standard Accounting Practices (2nd Ed.), I should address the proposed that I jotted down on loose leaf paper over the course of the week. I am including… Read More ›
Work-Standard Accounting Practices: Key Accounting Assumptions and Principles of NSAP
A lot of what happens in Accounting and Bookkeeping is based on preconceived sets of “Assumptions” and “Principles.” These Assumptions and Principles merely inform the Accounting Profession on how to observe, record, process, and convey critical financial information to others… Read More ›
Update (26 April 2024)
Yesterday, I wrote three mock drafts of what I had planned for three Entries for Section Three. So far, there are rudimentary enough for me to have a general idea of what I have in mind, but the actual Entries… Read More ›
Update (25 April 2024)
Today, I will be drafting a copy of the Entry that I will be writing for Section Three. My goal is that I will have at least one Entry tomorrow. Even better if I get two Entries completed. But realistically,… Read More ›
The Birth of Taxation in the United States: A Brief History of the First Income Tax
Written by Delvin In times of conflict and crisis, nations often turn to innovative solutions to fund their endeavors. In the case of the United States during the Civil War, the implementation of the first income tax in 1861 marked… Read More ›
Update (24 April 2024)
My timetable on when I should be able to resume writing Entries for the Second Edition of Work-Standard Accounting Practices is this coming Thursday, continuing all the way to next Sunday. Today and tomorrow are not ideal times for me… Read More ›
Update (22 April 2024)
Alright, now that the new Section One Entries of Work-Standard Accounting Practices are finished, the time has come to begin writing the Entries of Section Three. Everything from Section One has been helpful for understanding how to oversee how Kapital… Read More ›
Work-Standard Accounting Practices: Evaluating Profitability and Utility (Pt. II of II)
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 ›
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 ›
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