Accounting VSI

about
vsi
reading
The earliest human written records are all accounts; expenses use assets so are entered on the left.
Author

Stephen J. Mildenhall

Published

2024-03-12

Main Page

Accounting

  • Earliest human written records are all accounting!
  • Expenses are assets that are used up in the period, so they go on the asset side; they are also negative, like assets
  • Income goes on the liability side, p41
  • Assets = resources with remaining future benefits
  • Types of accounting
    • Bookkeeping
    • Statutory accounting (audited financial statements)
    • Tax
    • Management

Deets

  • Christopher Nobes
  • Volume 383
  • Published 2014