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Synopsis
Excerpt from Business Administration<br/><br/>The body of principles under which business transac tions are thus recorded in an orderly form and in their proper relation to one another, is called accounting. Ac counting is a science which aims at the systematic pres entation of business facts and whose rules are designed to indicate or state the principles upon which such a record of business facts must be made. In current discussion, there is a good deal of confusion about the use of the term accounting. By many the word is made synonymous with the word bookkeeping, as if the two were substantially identical. Some persons use the term accounting as if it were merely a high-?own expression for the word book keeping, while others admit the existence of a difference between the two ideas but consider that accounting is merely advanced or dificult bookkeeping. This con fusion of ideas is injurious to the proper development of a science of accounting, as well as to the proper statement of bookkeeping methods. It should be recognized at the outset that the term accounting is properly used only when applied to the principles, system, or theory by which business facts are recorded with the design of showing certain classes of results, or to the system or theory in ac cordance with which business facts are so analyzed as to exhibit their relationships to one another.
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- PublisherForgotten Books
- Publication date2018
- ISBN 10 1330007131
- ISBN 13 9781330007136
- BindingPaperback
- LanguageEnglish
- Number of pages561
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Business Administration: Theory, Practice and Application (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
Seller rating 5 out of 5 stars
Paperback. Condition: New. Print on Demand. This book delves into the fundamental principles and practices of accounting, providing a comprehensive guide to the theoretical framework and practical applications of accounting systems. The author traces the evolution of accounting from its origins in simple trade record-keeping to its modern-day role in complex business organizations. The book explores the concepts of debits and credits, the nature of accounts, and the methods of classifying and analyzing financial transactions. It emphasizes the importance of accuracy and consistency in record-keeping and discusses the various types of accounts used in different business contexts. The book also examines the vital role of accounting in financial reporting, decision-making, and ensuring the integrity and transparency of business operations. By providing a solid understanding of accounting principles, the author empowers readers to effectively manage their finances, make informed decisions, and navigate the complexities of the business world. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330007136_0
Quantity: Over 20 available
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Business Administration Theory, Practice and Application Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330007136
Quantity: 15 available
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Business Administration Theory, Practice and Application Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330007136
Quantity: 15 available