Bookkeeping and Accountancy e-bog

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. Bookkeeping and Accountancy is intended to impart a training in the art of bookkeeping that is based upon the fundamental principles of accountancy. It is intended for students of the age usually found in commercial schools, public and private, who are ready to begin a study of the subject. The completion of the full course of study provided will not only qualify for a high degree of proficiency in the art of bookkeeping, but it will also lead up to a very thorough understanding of the general principles and practices of accountancy.<br><br>While for many years I have closely followed the development of accountancy as a science, particularly in its economic relations, I am no longer a practicing accountant, therefore, I have presented accountancy in this work as I have found it, particularly as reflected in the practical experience of many eminent accountants with whom I have consulted.<br><br>My principal task has been to simplify the presentation of accountancy so that it may be understood by the average commercial student, and to prepare bookkeeping sets in various lines of business that would illustrate the application of its principles.<br><br>I have found that in reclassifying accounts to conform with the theory and practice of accountancy, the art of bookkeeping has been made easier to learn and easier to teach, rather than more difficult. True science simplifies any subject of which it treats, and accountancy is the true science of bookkeeping.<br><br>Five distinct subjects are included: - the fundamental and elementary principles of accountancy, the art of bookkeeping as applied in various lines of business, business methods and practices, and office methods and practices.<br><br>The following are some of the features of particular interest:<br><br>1. For students who are beginning, teachers can have their choice of (1) the account, or skeleton ledger method, (2) the theory