What is it about?
Although it has been in use for over 5 centuries, there has never before been a mathematical characterization of double-entry bookkeeping. That is given in this paper for ordinary bookkeeping with non-negative scalars, and it is generalized elsewhere to vectors of property rights without any prices.
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Why is it important?
This formulation not only allows the generalization of DEB to vectors of property rights without prices, but it clears up some common mistakes in the accounting literature, e.g., just what is "double" about DEB.
Perspectives
This was the first publication of the mathematical treatment of DEB in a mathematics journal.
David Ellerman
School of Social Science, University of Ljubljana, Slovenia
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This page is a summary of: The Mathematics of Double Entry Bookkeeping, Mathematics Magazine, September 1985, Taylor & Francis,
DOI: 10.2307/2689520.
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