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In double-entry, a transaction is the tuple (amount, credit_account, debit_account). In singly-entry, it is the tuple (amount, account).
by yobbo 2y ago
In double-entry, a transaction is the tuple (amount, credit_account, debit_account).
In singly-entry, it is the tuple (amount, account).
- amluto 2y ago> In double-entry, a transaction is the tuple (amount, credit_account, debit_account). Every “double entry” accounting package I’ve ever used can easily handle transactions that are awkward in this schema and transactions that don’t fit at all. Moving $1 from one current account to another? I guess you declare that the $1 needs to be a positive amount, but your two accounts have the same normal balance, and calling one a “debit account” is a bit awkward. Adding an accounts payable entry that is split between two expense accounts? Not so easy.