Double-Entry Bookkeeping Systems Assignment Example | Topics and Well Written Essays - 250 words

Double-Entry Bookkeeping Systems - Assignment Example Both the debit and the credit sides were introduced in order to ensure that errors were not committed and this would further be proofed when the debit and the credit sides would match at the end of the specified accounting period. In case the debit and the credit sides do not match at the end of the accounting period, there is a severe possibility that an error has been committed. The entries are recorded within three broad classifications; Assets, Liabilities and Equity/Capital. Hence the equation is: Though the double entry system has been created to avoid errors and misstatements, there are several ways through which errors are committed although the double entries are made correctly. Those errors pre-dominantly include these factors: The book keeping system, nowadays, is usually carried out through sophisticated computer accounting softwares. These softwares require appropriate training for their operation and hence it makes it difficult for an amateur to properly understand the double entry book keeping system using such accounting softwares (Mason,

State of the State Speech Essay Example | Topics and Well Written Essays - 500 words

State of the State Speech - Essay Example His sole reference to the end of the recession is a painfully general statement asserting job growth. This job growth reference is sandwiched between references to the "dark clouds" of the past, the "parting clouds" of the past couple of months, and the sunshine waiting just around the corner (Perdue, 2006: np). The type of job growth is not discusses, no statistics are provided, and there is no discussion regarding the causes for this sudden increase in employment. In short, the overwhelming majority of his time sounds more like a weather report than a discussion of the state of the economy. He then quickly turns from employment to the issue of government spending. There are inconsistencies as the Governor details his plans for government spending in the 2007 fiscal year. He begins on an optimistic note, stating that the Georgia has experienced a windfall of 1.25 billion dollars in revenues. There are no explanations. He does not cite increased tax receipts, increased taxes, or any other sources for this revenue. The observer is left to ponder where this money has come from in a recessionary economy. He then details his spending plans for this billion dollars. He plans to restore previously cut programs for education, health, and social welfare. This is where the inconsistency arises.