Is Longmen account a double entry bookkeeping method?

Longmen account is the earliest double entry bookkeeping method in China, which has become the final conclusion in accounting theory.

Longmen account is also called "closing Longmen". It was created by Shanxi merchants in the late Ming Dynasty (about AD 1640). The double-entry bookkeeping method was first popular in private business in China. It adopts two pairs of corresponding accounting symbols: "payee" and "payer", and follows the accounting rule of "coming and going must be equal".

All accounts are divided into four categories: income (total income), payment (total expenditure), deposit (total assets and creditor's rights) and investment (total capital and debt). Each category is further divided into several accounts to record the property, materials, profits and losses, funds and other matters owed by customers.

Extended data:

The founding time and founder's viewpoint of Longmen Zhang;

(A) Mr. Li Baozhen's point of view

The introduction of "Longmen Account in Accounting History" written by Mr. Li Baozhen, an old-timer in accounting history in China, is: "A double-entry bookkeeping method was created by Shanxi merchants (said to be Fushan) in the late Ming Dynasty (about AD 1640) and was popular in private businesses."

(B) Mr. Guo Daoyang's point of view

The Outline of Accounting Development written by Mr. Guo Daoyang of Zhongnan University of Finance and Economics introduces: "The earliest double-entry bookkeeping method' Longmen Account' in China was founded in the commercial circles in the late Ming and early Qing Dynasties, which is a relatively consistent statement at present. The founder of' Longmen Account' is Shanxi businessman' Toyama', which is also a relatively consistent statement.

(3) Opinions of Mr. Tang and Mr. Qian

According to Tang Heqian's monograph "Accounting Theory", "Longmen Account" originated in the commercial circles in the late Ming and early Qing Dynasties, and opened the apex of commercial accounting in China. Its founder is Fu Shan from Quyang, Shanxi. According to the research of Zhao Youliang, a famous accounting historian in China, Longmen Account was first designed to improve the management of banks, and then gradually extended to industrial and commercial enterprises. "

Baidu encyclopedia-Longmen account