An Observation in Book-Keeping

Financial Transaction are Diagonally Opposite and Equal* for Counter-parties to a Transaction This hold’s special significance when we consider a Scenario where the Accounting Package sends and receives these Financial Transaction Vouchers and also intelligently deciphers / decodes these Financial Transaction Vouchers to be put to meaningful use without manual extraction or re-keying. [See my…

XBRL GL IN INTERNATIONAL TRADE TRANSACTIONS

Download this document in PDF Background Business Enterprises issue various Financial Documents (also called Vouchers) to counter-party(ies) for recording their Financial Transactions in Closed Formats. The advent of Electronic Data Interchange has led to a surge of Transmission of Information “electronically” but not necessarily “intelligently”. Manual Extraction and Re-keying is largely prevalent in Book-keeping even…