This essay explore the definition of the term “ accounting”, its processes and procedures. I will examine the five step of the method in detail, and will compare and contrast this method to that of single entry accounting. The analysis concludes that with a discussion of the advantages of and the reasons why this method has survived for so long. After complete this “Like most good ideas, the idea behind the method is very simple. Describe the method identify its advantages, and explain why the methods has survived so long” is an ....