The accounting double-entry system … has survived relatively unchanged for centuries.

…elegance…usefulness…what makes …double entry … so special as an information system…[?]

[T]he double entry system is based on the idea that ∀ asset (thing of benefit) ∃ someone who has a claim on it.

Rick Young, Reflections on accounting structure and principles

So accounting reduces to a set of propositions with the fixed form of a triple:

  • (∃ thing, value of thing, claimant of thing)
Advertisements

Tags: , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: