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Excerpt from the theory of lending in accounting A. Deposit and me a thousand dollars. He is a creditor; I am a debtor. I opened an account in his name and recorded his credit as one thousand dollars. To complete the recording, I may open an account on my behalf and deduct a thousand dollars from this account. However, in my book, there is nothing to open a second account. * If A. credit is in my book, then it implies that I am a debtor. The second account will not give me extra information. If money is the only reason, then A. can be booked and I can charge this fee, so I will never have any objections when I open a second account. About hundreds of thousands of rare classic books published by the publisher Forgotten Books. Please visit www.forgottenbooks.com for more information. This book is an important historical work. Forgotten books use state-of-the-art technology to digitally reconstruct the work, preserve the original format, and at the same time repair the flaws in the old copy. In rare cases, original defects such as defects or missing pages may be duplicated in our version. However, we have indeed succeeded in repairing most of the imperfections; any remaining flaws are intentionally left to preserve the status of these historical works.
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Orignal From: Accounting Lending Theory (Classic Reprint) (Paperback)
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