06-05-2012, 07:41 AM | #33 | |
Join Date: Sep 2004
Location: Canada
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Re: TL4 Poker Chips
Quote:
EDIT: It's easier to see the point when you read the list of disadvantages to single-entry book-keeping: [quote=Wikipedia] Data may not be available to management for effectively planning and controlling the business. Lack of systematic and precise bookkeeping may lead to inefficient administration and reduced control over the affairs of the business. Single-entry records do not provide a check against clerical error, as does a double-entry system. This is one of the most serious defects of single-entry systems. Single-entry records seldom make provision for recording all transactions. In addition, many internal transactions, such as adjusting entries are often not recorded. Because no accounts are provided for many of the items appearing in both the Income Statement and Balance Sheet, omission of important data is possible. In the absence of detailed records of all assets, lax administration of those assets may occur. Theft and other losses are less likely to be detected. [/wikipedia] Recording data that's bunk is pointless. Error checking your data records so they contain actual useful information is critical if you want to do anything with that data other than mindlessly record it and then shred it 7 years later. The benefit of double-entry book-keeping really can be summed up as "error checking" but in an accounting context, it's like saying the benefits of doctors washing their hands is "reduced infections". It's easy to say, it's only two words, it's HUGE.
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All about Size Modifier; Unified Hit Location Table A Wiki for my F2F Group A neglected GURPS blog Last edited by Bruno; 06-05-2012 at 07:48 AM. |
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