Double Entry Quotes

Quotes tagged as "double-entry" Showing 1-3 of 3
Johann Wolfgang von Goethe
“Whilst I could not think of any man whose spirit was, or needed to be, more enlarged than the spirit of a genuine merchant. What a thing it is to see the order which prevails throughout his business! By means of this he can at any time survey the general whole, without needing to perplex himself in the details. What advantages does he derive from the system of book-keeping by double entry? It is among the finest inventions of the human mind; every prudent master of a house should introduce it into his economy.”
Goethe

“All the creditors must appear in the ledger at the right hand side, and all the debtors at the left. All entries made in the ledger have to be double entries - that is, if you make one creditor, you must make someone debtor”
Luca Pacioli, The Rules of Double-entry Bookkeeping: Particularis De Computis Et Scripturis

“All the creditors must appear in the ledger at the right hand side, and all the debtors at the left. All entries made in the ledger have to be double entries - that is, if you make one creditor, you must make someone debtor.”
Fra Pacioli