Accounting
Decimal time is commonly used in accounting for payrolls and hourly billing in the form of decimal hours. Time clocks typically record the time of day in tenths or hundredths of an hour. For instance, 8:30 am would be recorded as 08.50. This is intended to make accounting easier by eliminating the need to convert between minutes and hours.
Read more about this topic: Decimal Time
Famous quotes containing the word accounting:
“I, who am king of the matter I treat, and who owe an accounting for it to no one, do not for all that believe myself in all I write. I often hazard sallies of my mind which I mistrust.”
—Michel de Montaigne (1533–1592)
“At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses.”
—Karl Liebknecht (1871–1919)