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The double-entry system started in northern Italy about 700 years ago had limitations. It was "custodial" tracking of cargo contents and share ownership for sailing ships trading with the Indies. Cargoes were debits and owner ships were credits and they had to be equal—strike a zero balance. We're still using that system. We call it "general ledger" accounting now. CPAs, lawyers, the SEC, the NYSE, the IRS, banks and others have added so many layers of sophistication, Columbus wouldn't know what belonged to Queen Isabella in the holds of the Nina, Pinta and Santa Maria today.
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