Abstract:

The word “socialism is accounting” belongs to Lenin. As is known, before the October Revolution (1917), Lenin was prepared to take advantage of the accounting and therefore the bilateral recording system in the process of the socialist transition. Previously, the double-sided recording method was already used in Russia. In the post-revolution period, the socialist system was first attempted to establish the foundations of accounting. These efforts are the story of the different perspectives of the socialist system’s dual-sided recording method and ended with Stalin’s death in 1953. The study aims to reveal the first developments in the accounting thought of the socialist system. The changes that this system wants to make in the application of the dual-sided registration system are not only the accounting date, but the same time the dual-sided registration method will take an important place in its history. The development of the accounting profession within the socialist system constitutes an interesting stage of the history of the double-sided registration method.

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