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.
Examples of Double Entry Accounting. As an example of how double entry accounting works, if you were going to record earnings of $500, you would need to make two entries: a debit entry of $500 to an account called Cash and a credit entry of $500 to an account called Revenue.. Another example might be the purchase of a new computer for $1,000.