Items related to The Principles of Book-Keeping by Double Entry

The Principles of Book-Keeping by Double Entry - Softcover

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9781330172728: The Principles of Book-Keeping by Double Entry

Synopsis

This book is an in-depth analysis of bookkeeping by double entry, a method that has been universally adopted for its simplicity and elegance. The author, a renowned mathematician at the University of Cambridge, presents this comprehensive guide to understanding and applying the principles of double-entry bookkeeping in any business or financial transaction. This book offers a thorough examination of double-entry bookkeeping, from its theoretical underpinnings to its practical implementation. It begins by demystifying the fundamental concepts of debit and credit, and progresses through various examples to demonstrate how to create accounts for receipts and payments, impersonal accounts, and profit and loss. Furthermore, this book acknowledges the importance of honesty in bookkeeping and emphasizes the need to accurately reflect real assets and liabilities. It provides insights into the creation of a balance sheet that truly represents the financial position of an individual or organization, highlighting the significance of distinguishing between real assets and nominal or fictitious assets. This book is a valuable resource for individuals looking to gain a thorough comprehension of double-entry bookkeeping and its applications. It will be of particular interest to those seeking to enhance their financial literacy and those involved in business or finance-related roles, such as accountants, auditors, and business owners.

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