The modern profession of chartered accountancy originated in Scotland in the nineteenth century. Accounting, according to Wikipedia,” is the measurement, processing, and communication of financial and non-financial information about economic entities, https://sqlinfo.ru/forum/viewtopic.php?id=1026 such as businesses and corporations”. Meanwhile, IFRS standards are principles-based, offering more latitude and subjectivity when interpreting guidelines. Rule Two Your personal bank account uses the single-entry method, with debits and credits recorded as your balance increases and decreases. It tells you how much money you have in…