Production relations’ assets as an instrument of accounting.

It is impossible to re-establish usage of commodity money (ownership rights to manufactured goods) in production relations because of “double count” of added value. Credit relations have pushed out exchange relations from production sphere due to usage of commodity money.

However financial instruments (obligations) also cannot serve production relations as countertrade in these relations is non-existent that is set-offs between banks are impossible. Usage of banknotes of emitting bank in the amount of production turnover means hyperinflation as it happened in Germany under Hitler.

That is why it is necessary to use exchange relations using monetary assets in final production agreement, but not commodity money. Hence the right to pay for goods under delivery agreement is served only by accounting. If you have paid someone else’s goods by the right to claim payment for your goods this will dispose your claim. Your rights to claim are extinguished after exchange of goods takes place between you and the other party. The amount of goods in trade turnover is equal to the amount of rights to claim payment (money) in circulation. The sum of money as you understand is not important. This is why the production relations` assets should acquire the role of money in order to reflect the exchange of labor for the share of cost of final goods.