Double entry bookkeeping vs single entry bookkeeping
Abstract: A financial management eficiently begin, primarily, with an accounting record kept in the best possible conditions, this being conditioned on the adoption of a uniform forms, rational, clear and simple accounting. Throughout history, there have been known two forms of accounting: the si...
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doaj-0a2a507a88e94b8cb34ee0b75a984cdf2020-11-25T01:43:08ZengAcademicPresBulletin of University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca: Horticulture1843-52541843-53942016-11-0173228229010.15835/buasvmcn-hort:1195110090Double entry bookkeeping vs single entry bookkeepingIleana Andreica0"University of Agricultural Sciences and Veterinary Medicine, CLuj-Napoca"Abstract: A financial management eficiently begin, primarily, with an accounting record kept in the best possible conditions, this being conditioned on the adoption of a uniform forms, rational, clear and simple accounting. Throughout history, there have been known two forms of accounting: the simple and double entry. Romanian society after 1990 underwent a substantial change in social structure, the sector on which put a great emphasis being private, that of small manufacturers, peddler, freelance, who work independently and authorized or as associative form (family enterprises, various associations (owners, tenants, etc.), liberal professions, etc.). They are obliged to keep a simple bookkeeping, because they have no juridical personality. Companies with legal personality are required to keep double entry bookkeeping; therefore, knowledge and border demarcation between the two forms of organisation of accounting is an essential. The material used for this work is mainly represented by the financial and accounting documents, by the analysis of the economic, by legislative updated sources, and as the method was used the comparison method, using hypothetical data, in case of an authorized individual and a legal entity. Based on the chosen material, an authorized individual (who perform single entry accounting system) and a juridical entity (who perform double entry accounting system) were selected comparative case studies, using hypothetical data, were analysed advantages and disadvantages in term of fiscal, if using two accounting systems, then were highlighted some conclusion that result.http://journals.usamvcluj.ro/index.php/horticulture/article/view/11951 |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Ileana Andreica |
spellingShingle |
Ileana Andreica Double entry bookkeeping vs single entry bookkeeping Bulletin of University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca: Horticulture |
author_facet |
Ileana Andreica |
author_sort |
Ileana Andreica |
title |
Double entry bookkeeping vs single entry bookkeeping |
title_short |
Double entry bookkeeping vs single entry bookkeeping |
title_full |
Double entry bookkeeping vs single entry bookkeeping |
title_fullStr |
Double entry bookkeeping vs single entry bookkeeping |
title_full_unstemmed |
Double entry bookkeeping vs single entry bookkeeping |
title_sort |
double entry bookkeeping vs single entry bookkeeping |
publisher |
AcademicPres |
series |
Bulletin of University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca: Horticulture |
issn |
1843-5254 1843-5394 |
publishDate |
2016-11-01 |
description |
Abstract:
A financial management eficiently begin, primarily, with an accounting record kept in the best possible conditions, this being conditioned on the adoption of a uniform forms, rational, clear and simple accounting. Throughout history, there have been known two forms of accounting: the simple and double entry. Romanian society after 1990 underwent a substantial change in social structure, the sector on which put a great emphasis being private, that of small manufacturers, peddler, freelance, who work independently and authorized or as associative form (family enterprises, various associations (owners, tenants, etc.), liberal professions, etc.). They are obliged to keep a simple bookkeeping, because they have no juridical personality. Companies with legal personality are required to keep double entry bookkeeping; therefore, knowledge and border demarcation between the two forms of organisation of accounting is an essential. The material used for this work is mainly represented by the financial and accounting documents, by the analysis of the economic, by legislative updated sources, and as the method was used the comparison method, using hypothetical data, in case of an authorized individual and a legal entity. Based on the chosen material, an authorized individual (who perform single entry accounting system) and a juridical entity (who perform double entry accounting system) were selected comparative case studies, using hypothetical data, were analysed advantages and disadvantages in term of fiscal, if using two accounting systems, then were highlighted some conclusion that result. |
url |
http://journals.usamvcluj.ro/index.php/horticulture/article/view/11951 |
work_keys_str_mv |
AT ileanaandreica doubleentrybookkeepingvssingleentrybookkeeping |
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