Elementary Accounting [antikvár]

PREFACE In the prefaces to the first two editions of this book it was stated that " accounting, like the social order of which it is a part, is constantly undergoing change and development." This statement, true yesterday, is impressively true today. The changes occurring are not changes in the fundamental truths of accounting but changes in the procedures by which these truths are studied, changes in the relative emphases to be given to the materials of accounting study, changes in the matter of terminology and statement construction, and changes occurring in the amount of attention given to the important role of the accountant and accounting information in the decision-making facets of business enterprise. Not only has the third edition of Elementary Accounting been brought completely up to date; every effort has been made to achieve the following objectives: 1. To present the materials for an intensive, undergraduate one-year college course in the principles of accounting. 2. To present these materials in language that is simply and interestingly written and understandable. 3. To present the principles of bookkeeping and accounting in a wellplanned arrangement of carefully selected materials. The supporting discussion should be inclusive, thorough, and well illustrated. The modern setting should predominantly govern the point of view. 4. To present a wide range of tested and realistic problems carefully related to the chapters to which they apply. A sufficient supply of satisfactory problems of progressive difficulty should be provided to serve the needs of classroom demonstration purposes and for work to be completed outside of class. There are 305 problems in the book. As in earlier editions, the approach to the study of accounting in this edition is made through the balance sheet. The use aspects of financial statements are emphasized from the beginning. The recording process-by using the journal and ledger-is introduced quickly and formally in Chapter 3. Concurrent with the development of the recording or procedural v