Partly double Accounts Department

The partly double accountancy is the base of the countable system used by all the companies and organizations. It is founded on the idea according to which the operations and the financial position of an organization can be represented by accounts . Each account contains the history of the modifications of the money value of a particular aspect of the organization. One speaks about part doubles because a transaction is recorded in (at least) two accounts: at least an account output , at least an account credited .

She would have been invented with Venice by Luca Pacioli with (treaty of accountancy “ Tractatus XI particularis of computus and scripturis ” published in 1494). The recent discovered ones ( Papyrus Boulaq 18 ) much earlier locate this invention in time, in ancient Egypt, approximately 3.700 years ago.

Before its invention, was held a partly simple accountancy, favourable with the embezzlements of all kinds and unexplained disappearances of resources. This novel method gave such a safety to the accounting transactions that she was issued secret of State and that it was interdict to outside communicate it under penalty of death. It was thus about the first technological embargo bearing on the immaterial one.

In its principle, the inscription of an amount in an account always implies the of the same mention going up in another account , which facilitates the steppings and the trace of disappearances. Imperatively, one of the two accounts must be output and the other must be credited so as to establish the counterpart. This double mention materializes also the duality of flows implied in each countable transaction.

The countable Balance, if it is balanced (total credit balances = total of the debit balances), makes it possible to check that this principle was respected strictly during the recording of a whole of operations (even if it is always possible that two errors “are compensated”).

The general ledger is dated. That calls into question its neutrality. One can enumerate three concepts which illustrate this dating:

  • Concept of balance
  • Concept of mirror
  • Concept of prospect.

See too

External bonds

  • Article on a African origin of the partly double principle of accountancy

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