Description The double entry system of accounting has been in existence for over 500 years. We still use it because it provides a way to check our work for accuracy. Even the simplest accounting software programs use this system. Discuss the pros and cons of the double entry system, and share any experience you have working either in an accounting department or with accounting software. User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

Description

The double entry system of accounting has been in existence for over 500 years. We still use it because it provides a way to check our work for accuracy. Even the simplest accounting software programs use this system. Discuss the pros and cons of the double entry system, and share any experience you have working either in an accounting department or with accounting software.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.