Advanced Accounting Problems: With Explanatory Notes (Classic Reprint) - Hardcover

Charles F. Rittenhouse

9780666032775: Advanced Accounting Problems: With Explanatory Notes (Classic Reprint)

Hardcover

ISBN 10: 0666032777 ISBN 13: 9780666032775

Publisher: Forgotten Books, 2019

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Excerpt from Advanced Accounting Problems: With Explanatory Notes

While the accounting problems peculiar to partnerships Offer no principles that are essentially new, yet in no branch of accounting does the application of those principles require any more complete knowledge of all details and more accurate and logical reasoning in order to arrive at equitable results. In fact, part hership adjustments and liquidations as a rule require more of the mathematical ability to do abstract reason ing than a technical training in accounting. In other words, most partnership problems would be easily possible of solution if one did not understand even the meaning Of debit and credit.

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