How to Prepare the Accounting Entry on the Basis of Capital Movement
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It is well known that economic transactions must be prepared the accounting entries before they are registered in account books. Therefore, it's the most important procedure in the whole accounting work to prepare the accounting entries correctly. This paper puts forward how to prepare the accounting entry on the basis of capital movement because the traditional method is so complex, abstract and incomprehensible to be mastered by beginners. The research shows that the new method proposed in the paper is very direct, pictorial, and concrete. It is very easy to be mastered by a beginner of accounting.
[1] Robert F. Meigs. Accounting: the Basis for Business Decisions , 1967 .