Bryan:
> What exactly is the advantage of double-entry accounting over
> single-entry accounting?
Two advantages come to mind: One is the automatic error prevention of
having a built-in redundancy. The other is that every economic exchange
by definition involves two quantities. A merchant trades silk for
ducats. By making a credit to cash on hand and a debit to silk in
inventory, he can keep a running account of the balances in each.
All the best,
Asa
--
It is dangerous to be right when the government is wrong.
-- Voltaire
