How clever were the Romans? (24 Aug, 2021)

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Re: How clever were the Romans? (24 Aug, 2021)

Postby cjet » Wed Aug 25, 2021 5:28 am

Now let’s think of the Florence double entry system
Asserts - liabilities = profit
2 - 1 = 1
If you have a dollar the key is to
Make another dollar from that dollar

I buy flower for $6 or a loaf of bread $6
Or make 10 loaves from flour
Sell at $5 a loaf

$50-$6=$44 for plant and equipment.
cjet
 
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