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by cts1
560 days ago
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There's no redundancy. Imagine you have 2 buckets, you reach into bucket A and grab some cash and put it in bucket B. $x dollars leaving bucket A is entry part 1, $x dollars entering bucket B is entry part 2. That's all it is. I honestly don't understand what single entry is by comparison - it sounds like losing an essential attribute of the transaction. |
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You can't imagine simpler than what you described because it's single entry.
Double-entry is twice as complicated, makes sense only to accountants and not to computing people. Your example of 1 transaction would be doubly-kept as some nonsense like