The Dual Aspects of Accounting Transaction and the Assets-Claims on Assets Equality in Axiomatic Theory Academic Article

journal

  • International Journal of Mathematical and Computational Methods

abstract

  • The purpose of this study is to analyze the structure of the financial statements´ balance sheet and the dual aspects of accounting transactions from the viewpoint of axiomatic theory showing the relationship between assets and claims on assets. The methodology is rationalistic and analytical; it uses a well-known axiomatic theory to analyzing the balance sheet. The procedure involves a definition of axioms, an application of axiomatic theory, and an analysis of the assets-claims on assets relationship Results show that assets and claims on assets have a set structure and can be analyzed with the axiomatic theory, leading to the conclusion that they are not equal, under the analysis of set equality.

publication date

  • 2016-1-1

edition

  • 1

keywords

  • Assets
  • Axiomatics
  • Axioms
  • Balance Sheet
  • Equality
  • Financial Statements
  • Methodology

International Standard Serial Number (ISSN)

  • 2367-895X

number of pages

  • 6

start page

  • 128

end page

  • 134