1. Administration can be done by double-entry book-keeping, but is quicker and cheaper if the core group has access to a computer.

2. Double-entry bookkeeping developed in Europe in the Middle Ages to serve a stewardship role when the functions of ownership and management became separated.

3. Under the double-entry bookkeeping system, the twofold effect of every transaction is recorded.

4. The transactions are based on the double-entry bookkeeping system and the multi - currency principle.

5. It is now possible to see how double-entry bookkeeping produces this equilibrium of results by ensuring that the equation holds well at all times.

6. The system of accounting called double-entry bookkeeping, invented in Renaissance Italy, was powerfully connected to the development of trade and commerce.

7. The principle of duality is the basis of the double-entry bookkeeping system on which accounting is based.