Bookkeeping and Accounting, Vol. 2 (Classic Reprint)

Excerpt from Bookkeeping and Accounting, Vol. 2<br><br>The subject matter of this text may be divided broadly into two parts. The first twelve chapters deal with the general principles governing the construction and use of reports, accounts and records. In these chapters the accounts and records of a corporation and the accounts of a manufacturing business are given particular attention. Some attention is given to the problem of depreciation and to the technical phases of account keeping as illustrated in special types of ledger records. Chapter XLVIII affords a drill on the subject matter of Chapters XXXVI to XLVII and a thorough review in the application of general accounting principles.<br><br>The last twenty-four chapters deal primarily with the use of accounting in the control of the relations which the business unit must have with those both external and internal to its organization. The purpose and aim of these chapters is fully set forth in Chapter XLIX on "The Relation of Accounting to Business Management."<br><br>Chapters L to LV deal with the construction and interpretation of the orthodox financial statements which are used by business executives, stockholders, creditors and governmental agencies in judging the financial condition of a business at a specific time and its progress during a specific period of time. Chapters LVI and LVII explain the construction and interpretation of financial statements other than the Balance Sheet and Statement of Profit and Loss of an industrial or commercial firm. Chapters LVIII to LXV treat of records and reports used in the control and management of the operations of the functional departments of a business. Chapter LXVI deals with accounting for the investments in other companies. Chapters LXVII to LXXII deal with the accounting organization and procedure by which the information discussed in the preceding chapters is collected, organized, classified and presented for executive use.<br><br>There is much material included in this text which is not ordinarily included in a text on bookkeeping and accounting.<br><br>About the Publisher<br><br>Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com<br><br>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.