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Date: 2025-05-09 Page is: DBtxt001.php txt00022822
MANAGEMENT METRICS
DOUBLE ENTRY ACCOUNTANCY
What is it that has made double entry accountancy so successful?
Original article:
Peter Burgess COMMENTARY

Peter Burgess
In my view, one of the reasons why double entry accountancy has been so successful ... over literally hundreds of years ... is that it is system that recognises that most results are comprised of both good and bad, and both should be taken into consideration. This is done by reporting on both the costs and the revenues which behave in completely different ways, but both are needed in order to report a result.

So it is with almost everything.


The text being discussed is available at

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