Modern Accounting Its Principles And Some Of Its Problems

Author : Henry Rand Hatfield
Publisher : Forgotten Books
ISBN 13 : 9780265426982
Total Pages : 386 pages
Book Rating : 4.4/5 (269 download)

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Download or read book Modern Accounting written by Henry Rand Hatfield and published by Forgotten Books. This book was released on 2017-10-17 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Modern Accounting: Its Principles and Some of Its Problems IN the following treatise an attempt is made to present the principles of accounting. In doing so the details of technic, important though they are, are purposely omitted or treated with the scantest mention. The essence of ao counting, from the author's view point, is the presentation, first, of a correct exhibit of the financial status of the con cern at a given moment of time, and, secondly, a showing of the results obtained during a given period of time. The first is embodied in the Balance Sheet; the second in the Income or Profit and Loss statement. In the ordinary routine of the accountant 's toil there is, indeed, another function; that of keeping account of claims and property, in order to secure the concern against the loss which might arise from forgetfulness, carelessness or dishonesty. This phase of accounting attains its acme in governmental accounting where the essential thing is to insure the proper handling of vast sums. But this seems a matter of much less scientific interest and is not treated in this work. The method of treatment, in general, has therefore been to consider how a given transaction is made manifest in the Balance Sheet, the goal which the accountant ever has in mind. The technical entries to be made in the journal or in other books of original entry are excluded. They are not of such importance for the forms in which such entries are made vary according to the needs of the office economy. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.