Back in Section One, we discussed how Receipts and Invoices operate under Double-Entry Account Bookkeeping. In their simplest forms, Receipts and Invoices are documented recordings of Kapital moving across different accounts and Schuld accumulating in others. Receipts are created by… Read More ›
I was able to complete Preface to the Second Edition of Work-Standard Accounting Practices and set up the new webpage for its Entries. There will be ten additional Entries for Section Three as well as a new Conclusion Entry exclusive… Read More ›
“‘The history of Bookkeeping is the history of Civilizations.’” The political life of any Nation can also be discerned from the economic life or social life of that Nation. Political Science relies on mathematics to make quantitative analysis and to… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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