Re: double-entry bookkeeping unneeded?

In article <5KydnRcGr5oRUA_YnZ2dnUVZ_tadnZ2d@xxxxxxxxxxxxxxxx>,
Thomas Gagne <tgagne@xxxxxxxxxxxxxxxxxx> wrote:

GAAP highly recommends double-entry book keeping. Even in practice, it
is a good tool for financial OLTP systems to make sure nothing is
accidentally recorded to the system that doesn't balance. After all, we
don't want someone increasing their account balance if there wasn't a
source of funds involved, would we?

The question is more whether or not it really makes sense to say this is
correct:

John -5
Bill +5

and this is not:

John Bill 5

The circumstances that make double-entry best practices doesn't
necessarily apply when we have non-physical records that computers can
cross-reference with ease.

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