Principles of Accounting (Classic Reprint)

It may also be of interest to other readers than college students who wish to understand the fundamentals of accounting. Although new books are now being rapidly added to the list of general treatises on the subject the authors feel that no apology need be offered for the appearance of this volume. There has been a dearth of material available for the student of economics who desires a broad training in accounting principles as a part of a general equipment. The texts available are, for the most part, too highly professional and specialized for this purpose, and are without adequate reference to the background of economic principles underlying all commercial transactions. In other words, although there are many books intended for the business man and professional accountant there are few works on accounting which even profess to be suited to the needs of the student of economics. It is the aim of this book to present the principles of the subject in such a way as to meet the needs of the general student as well as to afford the proper basis for specialized work in professional accountancy. An effort has been made to develop principles without discussing the details of specific systems of bookkeeping and office methods. This procedure implies that accounting is a science dealing with logical classifications and embracing a definite body of doctrine which can be developed independently of mere clerical routine. Furthermore, since the classroom is not a laboratory capable of reproducing exact business conditions, and since bookkeeping methods are constantly changing, a discussion of clerical details is of minor importance in a treatise on principles. Once a student is thoroughly grounded a mastery of the technical details of any particular system of accounts is easily attained.
(Typographical errors above are due to OCR software and don't occur in the book.)

About the Publisher

Forgotten Books is a publ