Double-Entry Accounting
Discussions center on double-entry accounting principles, common misconceptions among programmers, explanations with examples, and links to resources like articles for computer scientists.
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Not when double entry accounting is involved.
Sounds good, if only I understood double accounting :-)
That's not really how accounting works
Slightly OT but if you want to get a basic understanding of double-entry accounting in a few minutes I found this article really great: https://martin.kleppmann.com/2011/03/07/accounting-for-compu... (discussed here https://news.ycombin
The page explaining double entry accounting is worth an HN post on its own
What in the world are you talking about ?! Please consult a CPA and buy a financial accounting textbook. Like in physics every has an equal and opposite transaction.
That's not how accounting works.
The other thing you can take from accountancy is double- entry...A toy example. Money was spent on x, so it gets charged to x account and removed from the bank. More correctly debit x-expense, credit bank. Credits are by convention negative numbers. Now no matter what happens your accounts always need to balance, ie the entire set of ledgers add up to zero. Audit checks are now trivial, if either your balances table or your transactions table do not sum to zero, alert somebody.It has b
Looks like they've discovered double-entry accounting......at last ;)
A quick introduction to double-entry account, from personal finance perspective.