Term Paper Writing Help | College Essay | Resume | Research Paper Writing | Thesis | Dissertation Writing

Excerpt from :

Finance Questions

.... least two accounts, one with a debit and another with a credit, seems like basic spending arithmetic (is, in fact, basic arithmeticif I give someone a quarter for an apple, my account has been diminished by a quarter and increased by an apple; the apple seller would record the exact opposite transactionthe loss or debit of an apple and the gaining or credit of twenty-five cents). The fact that huge systems and computer programs have been developed in order to deal with this ultimately simple process is somewhat mind-boggling, and really makes me question when and where things seem to have gotten away from us.
The splitting of all transactions into a variety of accounts does a allow for a system with greater control and oversight, I suppose, but the way the system is set upand explainedseems incredibly complicated when it is quite simple in practice. The example of paying a utility bill is raised in the reading; while it is true that the expense account is increased while the cash is decreased, this is the same as saying, I spent x number of dollars on electricity. The splitting of the record keeping seems to say, I had expenditures