Scientific papers (EPF)

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Browsing Scientific papers (EPF) by Subject "a double-entry accounting system"

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  • Publication
    THEORETICAL AND PRACTICAL ASPECTS OF USAGE OF THE SINGLE-ENTRY ACCOUNTING SYSTEM
    (2011)
    Iluta Arbidāne
    ;
    Antra Ķīkule
    In accounting, it is possible to use a single-entry system or a double-entry system, but in order to obtain all the necessary information to analyse the economic processes, the choice of the system shall be evaluated in accordance with the legal requirements and the particular field of entrepreneurship. At present, the application of the single-entry system in accounting is defined most unclearly, because the choice of an accounting system does not always depend on the criterion – turnover (as stated in the legislation); its formation structure is more important.One of the research tasks is to investigate views of practicing bookkeepers in Latvia on the suitability of application of the single-entry system in accounting for individual entrepreneurs. In accordance with the inquiry results and the analyses, the research objective is to state the most problematic issues of accountancy and suitability of application of the single- entry system in accounting of different kinds of economic activity.