0 a system that a business uses to record its financial situation, where each sum of money is shown as money received in one part and money spent in the other part -- regułapodwójnegozapisu
Referring to double entry bookkeeping, he shows that the emission of money is an instantaneous event taking place every time a payment is carried out by banks.
Some have suggested that the development of double entry bookkeeping would provide a powerful argument in favor of the legitimacy and integrity of usury but this is an obvious "non-sequitur".
Instead, relational databases take their place, but still typically enforce the double entry bookkeeping system and methodology.
I have been a local authority member for only 30 years, and in my view, ordinary central budgeting is like simple double entry bookkeeping compared with the rate support grant.