EconPapers    
Economics at your fingertips  
 

The Aggregation of Monetary Measures in Accounting

Byung T. Ro
Additional contact information
Byung T. Ro: Purdue University

Chapter 8 in The Geometry of Accounting, 2025, pp 173-199 from Springer

Abstract: Abstract From a practical standpoint, the process of accounting consists of four sequential activities: measuring, recording, aggregating (summarizing), and reporting. The most important among these activities is the second step recording—the recording of accounting transactions (events) according to the double entry principle. This step is at the heart of accounting and makes double entry accounting so unique. It was for this reason why all previous chapters focused on the recording step of the accounting process, namely the presentation of accounting events in geometric and vector spaces according to the double entry principle. This chapter examines the next step aggregating of the accounting process. It discusses how to aggregate monetary measures in accounting in geometric and vector spaces yet according to the double entry principle. The geometric setting used to do so is a two-dimensional debit-credit Cartesian space. A three- or higher-dimensional geometric setting is not relevant since the aggregations of monetary measures at different levels in accounting take place with respect to the debits and credits of individual accounts and groups of accounts.

Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-88892-2_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031888922

DOI: 10.1007/978-3-031-88892-2_8

Access Statistics for this chapter

More chapters in Springer Texts in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-06-08
Handle: RePEc:spr:sptchp:978-3-031-88892-2_8