ABSTRACT
It is a primary axiom of the exact sciences, that the whole is equal to the sum of its parts; and on this foundation rests the whole superstructure of Book-keeping. It considers property as a whole composed of various parts: the Stock Account records the whole capital; the Money, Merchandise, and Personal Accounts record the component parts. Hence, in complete Books, there must necessarily and inevitably be a constant equality between the Stock Account on the one hand, and all the remaining Accounts on the other.
