FWIW: How about "Simple transactions" (with one debit & one credit) and
"Compound transactions" (those with more than one debit or more than one
credit)?
On 1/18/24 11:56, Adrien Monteleone wrote:
Fair enough. We need a new term for one of these things. It is a
repeated source of confusion & consternation.
Regards,
Adrien
On 1/18/24 9:54 AM, Michael or Penny Novack wrote:
Except I would never refer to a transaction that affect JUST TWO
accounts to have any "splits". When I use the term "splits" I mean
that either there is more than one debit account, more than one
credit account, or both. ALL transactions involve at least two
accounts, at least one debit and at least one credit. That is
fundamental to double entry bookkeeping.
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