Accounting Systems

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 45. Chapters: Creative accounting, Double-entry bookkeeping system, Accounting reform, Constant Purchasing Power Accounting, Lean accounting, Earnings quality, Debits and credits, Hollywood accounting, Inflation accounting, Stock and flow, Della mercatura e del mercante perfetto, Outright, Human resource accounting, Installment Sales Method, Invoice processing, Indian Accounting Standards, Momentum Accounting and Triple-Entry Bookkeeping, Comparison of Cash Method and Accrual Method of accounting, Resources, Events, Agents, Special journal, Off-balance-sheet, 4-4-5 Calendar, Unified Ledger Accounting, Bookkeeping association, OSCAR Railway Costing, Imprest system, Average cost method, Dome Publishing, Convention of consistency, Single-entry bookkeeping system, Widow's man, Standard accounting practice, Equity method, Worksheet, Integrated Accounting System, Waste book, Non-performing asset, Controlling account, Bank reconciliation, Entity concept, Cookie jar accounting, Open-book accounting, Money measurement concept, Non-integrated Accounting System, Other Comprehensive Basis of Accounting, Purchase ledger, Substance over form, Public Expenditure Tracking System, Counting house, Two sets of books. Excerpt: A double-entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts. The name derives from the fact that financial information used to be recorded using pen and ink in paper books - hence "bookkeeping" (whereas now it's recorded mainly in computer systems) and that these books were called journals and ledgers (hence nominal ledger, etc.) - and that each transaction was recorded twice (hence "double-entry"), with the two transactions being called a "debit" and a "credit." It was first c...