> Hi Cate, > All that you hope to see in the way of transparency and control will > return when business entities of every description return to a proper > double-entry bookkeeping framework of rules. Such rules were customarily > used by all business entities prior to computer software. The proper > framework was never programmed into software. It will soon have to > be because there is no other framework of rules that will get the > present cultural collapse back on track and subject to the return > to a constitutional government. The 650 year old double entry bookkeeping > framework of rules supervised commercial trade since the middle ages. > It is not only the de facto language of commercial trade. It is the > only language of commercial trade. > > If you wish to put my words to a test, find the best accountant you > know. Ask him or her to define a debit versus a credit. Send me their > answer and I will send you the proper definition. You will be quite > surprised to learn how little accountants know about the double-entry > framework of rules.
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check out my post on the mutual ownership of data.
silona.org/mutual-owne.../
On 2008 Oct 12 11:43 AM TheBookkeeper wrote:
> Hi Cate,
> All that you hope to see in the way of transparency and control will
> return when business entities of every description return to a proper
> double-entry bookkeeping framework of rules. Such rules were customarily
> used by all business entities prior to computer software. The proper
> framework was never programmed into software. It will soon have to
> be because there is no other framework of rules that will get the
> present cultural collapse back on track and subject to the return
> to a constitutional government. The 650 year old double entry bookkeeping
> framework of rules supervised commercial trade since the middle ages.
> It is not only the de facto language of commercial trade. It is the
> only language of commercial trade.
>
> If you wish to put my words to a test, find the best accountant you
> know. Ask him or her to define a debit versus a credit. Send me their
> answer and I will send you the proper definition. You will be quite
> surprised to learn how little accountants know about the double-entry
> framework of rules.