The book Bituminous Coal Mine Accounting was written by author William Blose Reed Here you can read free online of Bituminous Coal Mine Accounting book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Bituminous Coal Mine Accounting a good or bad book?
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" This account should be credited monthly with a proportionate part of the insurance premium and a charge made to " In- surance" as an item of cost. In the case of insurance on miners' dwellings, the charge is to an account called "Insurance on Miners' Dwellings, " or it may be pre- ferred to make this charge direct to a general account, "Miners' House Repairs and Expenses, " but under any circumstances the separation should be thus made, for the failure to charge all of the expenses against th...e miners' houses has had in the past a tendency to mislead many people as to the investment value of these houses in connection with a mining plant and to assume that they brought in a net revenue when such supposed revenue was produced only by the failure to properly charge dwellings with a portion of insurance, taxes, etc. Any one who has been called upon to reach a settle- ment with an adjuster of the fire insurance companies cannot have failed to be impressed with the absolute ne- cessity of having proper inventories and of having the items on such inventories allocated with respect to the buildings in which the various equipment or supplies may be located.
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