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Double Entry Book-Keeping

  • George Bright
  • Michael Herbert
Part of the Macmillan Master Series book series

Abstract

The last chapter demonstrated how any transaction will have two effects on a balance sheet. You should now be able to identify which assets and/or sources of finance are affected by different transactions. In this chapter we will introduce a more efficient way of recording transactions than redrafting a balance sheet after each one. This will be done by means of ledger accounts. You will learn the principles of double entry book-keeping which will enable you to keep a simple set of ledger accounts.

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Copyright information

© George Bright and Michael Herbert 1990

Authors and Affiliations

  • George Bright
  • Michael Herbert

There are no affiliations available

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