Thursday, January 25, 2018

Double entry accounting goes back to stone age

Can Double-Entry Bookkeeping Save the World?

We cannot have tool makers without managed inventory flow and thus accounting. The system was based on marks in the mud.           

Once we had specialization, we had the  'in n out' model of value added. We adopt  the binary system because any multi entry accounting can be broken down to a complex of double entries. I call it the queuing theory which we know as Shannon information theory.

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