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 ›
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 ›
A group of us discussed the recent advances in AI and how Marxists should approach this technology. Artificial Intelligence (Cosmopod podcast)
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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