I'm not sure that's true as double entry bookkeeping breaks down with multiparty transactions. Any solutions are extensions to plain double entry bookkeeping, i

I'm not sure that's true as double entry bookkeeping breaks down with multiparty transactions. Any solutions are extensions to plain double entry bookkeeping, in which case why not use a proper ontology like REA which actually reflects real things that exist instead of fictitious entities like "accounts" and "ledgers" that you have to understand through the lens of an accounting model?