Tag: Luca Pacioli
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Bookkeeping – Dual Entry System (Lesson 2)
In accounting the term dual entry is used often. Other names include Double Entry and Offsetting Entry.
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Rule of 72
A quick and easy way to determine the doubling of value for a given sum based on an interest rate is the Rule of 72. This simple formula has three factors. The first is the interest rate; the second is the amount of time in years to double the value and of course the number 72.