4 ms·
Your section on single vs double-entry accounting, specifically: > We can neither create money out of thin air, nor make it disappear. Money has to come from s
by sundarurfriend 6y ago
Your section on single vs double-entry accounting, specifically:
> We can neither create money out of thin air, nor make it disappear. Money has to come from somewhere and go somewhere.
reminded me of the excellent "Accounting for Computer Scientists" by Martin Kleppmann [1], with a very useful and easy to remember mental model of this process.
[1] https://martin.kleppmann.com/2011/03/07/accounting-for-computer-scientists.html https://martin.kleppmann.com/2011/03/07/accounting-for-compu...