infrequently asked questions about accounting

Nov 15, 2013 18:12

I am fascinated by some infrequently asked questions about accounting ( Read more... )

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justbeast January 3 2014, 17:11:19 UTC
What does "over unity" mean?

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atheorist January 3 2014, 18:03:27 UTC
Over-unity means above one; it's a phrase that perpetual-motion crackpots use ( ... )

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justbeast January 3 2014, 18:39:50 UTC
Oh, fascinating (re over-unity definition and crackpots).

So if I'm understanding your overall point correctly, you're saying that there's historical and pragmatic reasons for why accountants denominate accounts in cash, but that doing so hides certain interesting aspects of the system.
I'm less clear on -- so if not cash, then what can accountants use, for modeling aspects of the business? Isn't the whole point of cash that it's sort of a universal conversion, between many different sort of things / units?

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atheorist January 3 2014, 19:04:56 UTC
Hmm ( ... )

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