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Answer Posted / praveenprashanthi
Momentum Accounting and Triple-Entry Bookkeeping is an
alternative accountancy system developed by Yuji Ijiri and
is the title of the 1989 monograph that he wrote.[1] It is
hard to imagine alternatives to the universal system of
double-entry bookkeeping, but this is one.
In regular, double-entry bookkeeping, changes in balances
such as earning revenues and collecting cash are recorded.
These events are recorded with two entries, usually a debit
and a credit, assigned on a given date. In momentum
accounting, changes in changes are the recognized events.
For example, an acceleration in revenue earning, such as a
$1,000 per period increase of revenues from $10,000 per
month to $11,000 per month, is a recordable event that would
require three entries to implement.
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