Opis: An Introduction to Elementary Accounting (Classic Reprint) - Littleton A. C.

Excerpt from An Introduction to Elementary Accounting

We may study accounting intending to follow it as a profession or to use it as a stepping stone to other things in business, or we may study it in order as superintendents, managers, proprietors, to use intelligently the accounting results which others will furnish us. But whether we expect to keep books or to have them kept for us, it is highly necessary to understand thoroughly the language and methods of accounting.

Financial Condition. Accounting has for its principal aim the presentation of the vital facts concerning the financial condition and progress of a business. One of the most important documents containing vital business facts that is placed before the business executive or proprietor is the statement of his financial condition, called the Balance Sheet. Herein is a tabulation of all he possesses in the way of business property and of any claims there may be against that property.

If the proprietor owns all the property he holds, the statement is as follows:

If, however, Mr. Wells holds an automobile delivery car worth $1,500, but has paid only $1,000 on it, some one else (the seller) has a legal claim against the car until the $500 is paid as well. Indeed, the seller would have a claim against any or all of the property up to the amount of the unpaid debt.

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Szczegóły: An Introduction to Elementary Accounting (Classic Reprint) - Littleton A. C.

Nazwa: An Introduction to Elementary Accounting (Classic Reprint)
Autor: Littleton A. C.
Wydawnictwo: FB &c Ltd
Kod paskowy: 9781330015292
Języki: angielski
Ilość stron: 76
Format: 15.2x22.9cm

Recenzje: An Introduction to Elementary Accounting (Classic Reprint) - Littleton A. C.