Question
Some people believe database technology may eliminate the need for double-entry accounting.This creates three possibilities: (1) the double-entry model will be abandoned (2) the double-entry
Some people believe database technology may eliminate the need for double-entry accounting.This creates three possibilities:
(1) the double-entry model will be abandoned
(2) the double-entry model will not be used directly, but an external-level schema based on the double-entry model will be defined for accountants' use, or
(3) the double-entry model will be retained in database systems.
Which alternative do you think is most likely to occur?Why?
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
