Principles of Double-Entry Bookkeeping

Principles of Double-Entry Bookkeeping by Van Cleve Charles McKinstry delves into the complexities of accounting focusing on assets liabilities and net capital. The book challenges conventional accounting practices advocating for clarity and logical explanations in the language of accounting. It critiques the use of figurative terms and emphasizes the importance of precision in financial record-keeping. With a focus on rational thinking the book proposes a new theory to enhance the intelligibility and coherence of accounting language and logic.