Degrange’s rule: importance for modern accounting theory

Abstract

The most known rule of drawing up accounting entries bears a name of Edmond Degrange. In spite of the fact that it is applicable not to all facts of economic activity, modern writers continue to use it for interpretation of double entry. In the paper problems of improvement of this concept are discussed. The features of the rule Pacioli – Degrange as modifications of the classical rule of Degrange are considered.