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  • "Same As": Disabled (fastest) Apply to subjects only Apply to objects only Apply to both subjects and objects (recommended) Apply to subjects, objects and predicates (not recommended on big datasets) Apply to predicates only (special use cases only)

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https://www.youtube.com/watch?v=-7XeZLQ2hYQ&index=2&list=PL_Brz2Wbpxk4qGsICPeFt2WZ4SAbiHZtL “You have to know accounting. It’s the language of practical business life. It was a very useful thing to deliver to civilization. I’ve heard it came to civilization through Venice, which of course was once the great commercial power in the Mediterranean. However, double entry bookkeeping was a hell of an invention.” Charlie Munger[i] As any other language, the accounting system has its own. Indeed, in accounting in order for you to record a transaction you have to use the double-entry system. Double entry means that each single transaction needs to be recorded twice, on the left side if debited and on the right side if credited. Usually, when you think of debit or credit in real life is different compared to debit or credit in accounting. In fact, debit does not mean that you have a debt to be paid back; neither credit means that you have money to receive. For example, in the accounting world, when cash is debited, it means the cash on your bank account increased. Therefore, you received cash. I know it may sound counterintuitive, but this system was created five hundred years ago and it is the system today’s accountants use to record each single transactions. T-Accounts: The Foundation The most effective way that accountants use to record each single transaction in the ledger is the T-Account. Although, most of the accounting Software today do it automatically, it is helpful to know how it works. This visual aid helps the accountant to record a single transaction. Each account, in fact, has two sides, debit and credit. Therefore, for a transaction to satisfy the accounting requirements has to be recorded on both sides. We will see that in the next paragraph. Eventually, all the transactions collected for a certain period flow in the General Ledger [i] Quote from Financial Accounting, Bev Vickerstaff