The 2016 Color of the Year is â CLARET! How does Claret fit in the Fiesta family of colors? Quite nicely, we must say. Check out the entire spectrum here: Ivory, Slate, Sage, Claret, Scarlet, Poppy, Tangerine, Sunflower, Lemongrass, Shamrock, Turquoise, Lapis, Cobalt, Paprika, and White. Claret is a high-fashion color that fills a void in the Fiesta spectrum.
The fundamental concept underlying present-day bookkeeping and accounting. Double entry accounting is based on the fact that every financial transaction has equal and opposite effects in at least two different accounts.
When you pay your bills, you debit your accounts payable account. Related Articles. Double-entry bookkeeping is a system that keeps track of a company's finances by showing how assets and liabilities flow between different accounts. An account in double-entry bookkeeping is a tally of amounts that the business owes or is owed.