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Synopsis
Excerpt from The Theory of Debit and Credit in Accounting
A. Deposits one thousand dollars with me. He is a creditor; I am a debtor. I open an account in his name and credit him one thousand dollars. To complete the record, I might open an account in my name and debit this account one thousand dollars. On my books, however, there is no object in opening the second account.* If A. Is cred ited on my books, the implication is that I am the debtor. The second account would give me no additional information. If money were the only thing by reason of which A. Could be credited, and with which I could be charged, there would never be any object in opening the second account.
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The Theory of Debit and Credit in Accounting Classic Reprint
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330072813
Quantité disponible : 15 disponible(s)
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The Theory of Debit and Credit in Accounting Classic Reprint
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330072813
Quantité disponible : 15 disponible(s)
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The Theory of Debit and Credit in Accounting (Classic Reprint)
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
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Paperback. Etat : New. Print on Demand. Have you ever wondered about the underlying principles of accounting and the logic behind debits and credits? This book delves into the fundamental theory of accounting, unraveling the mysteries of how financial transactions are recorded and interpreted. The author presents a clear and concise explanation of the debit and credit system, using real-world examples to illustrate key concepts. The book explores the role of various account types, including asset, liability, equity, revenue, and expense accounts, and how they interact within the accounting framework. Moving beyond the basics, the author delves into more complex topics such as the agency relationship between managers and proprietors, the distinction between real and nominal accounts, and the impact of depreciation on financial statements. By demystifying the principles of debit and credit, this book provides readers with a solid foundation for understanding the language of accounting and interpreting financial information. Whether you are a student, a business owner, or simply curious about the world of finance, this book offers valuable insights into the principles that underpin modern accounting practices. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781330072813_0
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