Blockchain Gap: Double Entry Model

Almost everyone knows that accounting deals with debits and credits; but many fewer people know what the purpose of those are.  The purpose of a ledger was to show a position as of a point in time–and it does this through the use of balances.  Balances show how things stand at some particular point. But a ledger is not a static thing.  It changes all … Continue reading Blockchain Gap: Double Entry Model