Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Business
Outline Of Municipal Accounts, Leonard Beasley
Outline Of Municipal Accounts, Leonard Beasley
Individual and Corporate Publications
The purpose of this outline is to set forth a method by which the financial transactions of a municipality may be recorded in a simple yet adequate manner. It does not attempt to do more than show how the transactions may be handled and booked, so that their source, disposition and amount may be readily traced and understood, and to do this in a manner which will accord with the laws governing municipal finances. To do this it is necessary to assume that certain well approved methods of fiscal policy have been employed, although it is not possible to refer …
System Of Accounts And Reports For Building And Loan Associations, George G. Scott
System Of Accounts And Reports For Building And Loan Associations, George G. Scott
Individual and Corporate Publications
The underlying principles of an adequate system of accounts for building and loan associations does not differ from that of any other business operated for profit. The adequacy of the system is largely determined by the science and intelligence of the classification of the accounts and the completeness and accuracy of the recorded transactions. The entire system of accounts are divided into three distinct groups or divisions as shown in the chart and are as follows: First Group, Balance Sheet accounts, or the asset and liability accounts; Second Group, Profit and Loss accounts or the expense and income accounts; Third …