Re: double-entry bookkeeping unneeded?

JXStern wrote:
<snip>

In fact, it allows one-to-many and many-to-many transactions to be
traced.

Debit $20 for sale of widget.
Debit $30 for sale of thingy.
Credit $10 to overhead.
Credit $5 to commissions.
Credit $15 to royalties.
Credit $20 to suppliers.
That it does. RA and 600 year-old technology survives the onslaught of some buddies discussing its obsolescence over beers.

--
Visit <http://blogs.instreamfinancial.com/anything.php> to read my rants on technology and the finance industry.
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