0
Why has a recording system the double entry devised in medievel times lasted for so long?
The double-entry bookkeeping system, developed in medieval times, has endured due to its systematic approach to recording financial transactions, which enhances accuracy and accountability. By ensuring that every debit has a corresponding credit, it provides a comprehensive view of financial health and simplifies the detection of errors. Additionally, its adaptability to various business environments and the foundational role it plays in modern accounting principles have solidified its relevance over centuries. This method also facilitates transparency and trust in financial reporting, making it essential for both businesses and regulators.
What else can I help you with?
Why has a recording system the double- entry devised in medieval times lasted for so long?
It lasted for so long during the medieval times because the inventor of double-entry bookkeeping Amatino Manucci, managed to construct a comprehensive and fully-articulated set of double-entry records with a regular balancing procedure on closure of the General Ledger. Moreover, he gave importance to the aspect of financial control.
What is the length of 1923 Tokyo earthquake?
The 1923 Tokyo earthquake, also known as the Kanto earthquake, lasted for between 4 and 10 minutes.
What was Final Jeopardy for January 13 2010?
RECORD OF THE YEAR GRAMMY WINNERSThis song's recording session occurred right after the 1985 American Music Awards & lasted all night long We are the World
The war in Spain lasted?
the war with spain lasted
What is the present perfect tense of last?
I/You/We/They have lasted. He/She/It has lasted.
How long did the war lasted with irac?
it lasted about 50 or 90 years that's how long the Iraq war lasted
Which empire lasted only one hundred years and which lasted almost three hundred years?
someone knows
How long did the battle of ypres lasted?
That depends on what battle, there was 5 battles. First one lasted for 34 days. the second one lasted for 23 days. The third battle lasted for a week. The fourth battle lasted for 20 days. The fifth battle lasted for 4 days.
When a woman says lasted what is the meaning?
when a woamn says lasted what is the meaning
Which Illiniois constitution lasted the longest?
The 1961 constitution lasted the longest.
How long lasted the revoloutionary war?
The war lasted 5 years.
What is the lifespan of a Honda cg125 clutch?
The clutch on my Honda CG125 lasted 13500 km of heavy every day use. If you do not gear down a lot your clutch will last double that.
