Houston Chronicle

For GAAP Do You Have to Switch to Straight-Line Instead of Double-Declining?

The GAAP approves four different methods for depreciating business assets: the straight-line method, the units of production method, the declining balance method and the sum-of-the-year's-digits ...
Houston Chronicle

Benefits of Double-Entry Accounting

Although no one knows when double-entry accounting first emerged, but Italian mathematician and Franciscan friar Luca Pacioli wrote the first codified system describing the technique in the late 1400s ...
TechRepublic

Double-Entry Accounting: What It Means and How It Works

Double-Entry Accounting: What It Means and How It Works Your email has been sent Double-entry accounting is a system of recording transactions in two parts, debits and credits. This method of ...
Investopedia

How Double-Entry Bookkeeping Works in a General Ledger

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Amy is an ACA and the CEO and founder of ...