Problems in the Principles of Accounting / William Morse Cole.

Format:

Book

Author/Creator:

Cole, William Morse, author.

Language:

English

Subjects (All):

Accounting--Problems, exercises, etc.

Accounting.

Physical Description:

1 online resource (108 pages)

Edition:

Reprint 2013

Place of Publication:

Cambridge, MA : Harvard University Press, [2014]

Language Note:

English

Summary:

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...purchasing for cash farm produce through traveling buyers who take always the full product of a farm--fields, tilled lands, and orchards; doing its own harvesting; sorting such produce into grades at city warehouses; packing the better grades in special packages; selling the better grades, through local and traveling salesmen, at wholesale; selling culls directly at retail; feeding the waste to hogs kept in the suburbs solely for the utilization of that waste; killing, dressing, and selling the pork. 43 Suppose that you are engaged in the manufacture of chair stock. You get some of your raw material by buying sawed lumber, some by buying logs and sawing them, some by buying trees on the stump (you do not buy the land on which they stand) and doing your own logging, shipping, sawing, etc., and some by buying land, getting off the logs, and then selling the land. Name the ledger accounts that you deem necessary for adequate accounting. How far do the other figures explain for the year 1911 the first three items? 45 You join a summer colony within easy rail communication of the city. A general organization of members of the colony controls a central club-house with grounds. The restaurant privilege is sold to outsiders. Facilities are offered to members for tennis, golf, billiards, bowling, boating, swimming. For all these privileges, fees are charged and expenses are incurred. All excess income is to be carried to a general-purpose fund. Entertainments are provided at club expense. You are chosen president of the club. What ledger accounts should be kept, what items should be carried to each, and what statistics should be gathered? PRESENT WORTHS AND AMOUNTS OF SINGLE PAYMENTS AND OF ANNUITIES Chapter XII, pages 15&-167 To give the...

Contents:

Frontmatter

ACKNOWLEDGMENT

CONTENTS

INTRODUCTION

DEBIT AND CREDIT

DEBIT AND CREDIT IN THE FUNDAMENTAL BOOKS

DEBITS AND CREDITS TESTED BY THE TRIAL BALANCE

DETERMINING PROFIT AND LOSS FROM THE BOOKS

CLOSING THE BOOKS

THE PRINCIPLES OF LABOR-SAVING DEVICES

BALANCE SHEET AND INCOME SHEET

DEPRECIATION AND RESERVES

INTERPRETATION OF BALANCE SHEETS

THE ELEMENTS OF COST ACCOUNTING

STATISTICS IN ACCOUNTING

PRESENT WORTHS AND AMOUNTS OF SINGLE PAYMENTS AND OF ANNUITIES

FINDING THE VALUE OF A BOND

AMORTIZATION AND ACCUMULATION

LIFE-MAN'S AND REMAINDER-MAN'S SHARES

LEASES, PATENTS, AND OTHER ANNUITIES

PURCHASE AND SALE OF BONDS

ISSUE OF BONDS

OPTIONAL-REDEMPTION BONDS

THE PRINCIPLES OF CAPITALIZATION

RAILROAD ACCOUNTS

REORGANIZATIONS

TRUST ACCOUNTING

INSURANCE AND LIFE TENURES

FACTORY ACCOUNTING

MUNICIPAL ACCOUNTING

THE NATURE OF COMMERCIAL DISCOUNTS

THE NATURE OF PROPRIETORSHIP PROFITS

CONSOLIDATIONS

INSOLVENCY SETTLEMENTS

APPENDIX A SPECIAL FORMS AND BOOKS

B. SPECIAL ENTRIBS

APPENDIX C SINGLE ENTRY

APPENDIX E PETTY CASH AND VOUCHER SYSTEMS

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Mai 2019)

ISBN:

0-674-28798-3

OCLC:

1013935852