Fundamentals of Accounting, Vol. 1 of 2: Principles and Practice of Bookkeeping (Classic Reprint)

Excerpt from Fundamentals of Accounting, Vol. 1 of 2: Principles and Practice of Bookkeeping

This work represents an endeavor to provide suitable text material covering the basic principles of accounting and bookkeeping practice in convenient form for instruction by the class method. It is the result of years of experience both in the classroom and in business and its methods have brought uniformly good results.

The material here presented is designed as a one-year course for students beginning the subject. Since a student's use of the general principles of accounting depends on his ability to apply them intelligently, his basic training is of vital importance. His first steps must be taken with care. In this treatise the correct point of view is held constantly before him, the subject being developed logically and easily in a well-graded course. Ample drill material is provided at the end of each chapter in the form of carefully graded problems to fix the principles treated. Not all the problems in every chapter may be required for every class. It is suggested that the teacher proceed with the new chapter as soon as the pupils can apply the principles discussed.

A second book is in course of preparation and will be ready within a year. The two books will present the materials usually covered in high school courses.

This text had its inception in the course, Methods of Teaching Bookkeeping and Accounting, given since 1916 to public and private secondary school teachers in the summer session at Columbia University. It forms the basis for the work in the Theodore Roosevelt High School where the members of the teaching staff have tested it out successfully and have secured excellent results.

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