Excerpt from Elementary Accounting Problems
The added purpose, and perhaps the more important, is to show the application of accounting principles.
With this in view the problems have been developed logically following in the main the four prominent types of organization. An effort has been made in the first eight or ten problems to show what the writer believes to be the evolution of the modern statement of income and profit and loss. The text and comments will show the reasons which are believed to be responsible for its development.
The first group of the series deals principally with sole proprietorship. The second covers copartnership and shows the conversion of the sole proprietorship into the copartnership. The third group brings out the transition from copartnership to incorporation and the accounts and transactions which are common to corporations. Consolidations, mergers, holding companies or trusts, form the subject matter of the fourth group.
Because of the fact that the early problems appear very simple, the impression should not be gained that they are all the same. Some of the subsequent problems will probably be found sufficiently difficult to interest the keenest mind.
The comments have in places been left somewhat incomplete in order to stimulate original thought on the part of students and to offer an opportunity to instructors to bring out in demonstration the points passed over.
The form and arrangement of the financial statements used in the solutions of certain problems may be something of an innovation. Some of the statements will no doubt be startling. No claim is made by the writer for their originality. They are presented with full credit to every one with whom he has ever come in contact, or received a thought or idea from, and most especially the well-known accounting firm with which he served his apprenticeship. If the statements provoke discussion they will have served a purpose. If the book s…
"synopsis" may belong to another edition of this title.
Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book follows the evolution of the modern income statement from sole proprietorship to incorporation, examining key concepts and principles that have shaped its development. The author shows how accounting principles emerged in response to the need for transparency and accuracy in financial reporting, and how the income statement evolved to meet the increasingly complex needs of businesses as they grew and became more sophisticated. The book also discusses the role of the working sheet in the preparation of financial statements, and the importance of planning accounts for efficient statement preparation. The insights provided in this book are essential for understanding the historical context and theoretical underpinnings of the income statement, making it a valuable resource for accounting professionals and students alike. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781440042881_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781440042881
Seller: Majestic Books, Hounslow, United Kingdom
Condition: New. Seller Inventory # 352776567
Quantity: 1 available
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781440042881
Quantity: 15 available
Seller: Books Puddle, New York, NY, U.S.A.
Condition: New. Seller Inventory # 26359747240