The book Principles of Accounting was written by author Mckinsey, James Oscar, 1889-1937 Here you can read free online of Principles of Accounting book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Principles of Accounting a good or bad book?
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(4) It is easier to discover errors when the ledger items can be checked back to the books of original entry. (5) Books of original entry may be used to show valuable analysis which would be harder to obtain by direct entries to the ledger accounts. The nature of hooks of original entry. Books of original entry may be of various t3rpes as regards their form, although aU are alike in the fact that they are designed to show the analysis of the debits and credits arising out of each transaction re...corded. The form of such books, as will appear later, depends primarily upon what accounts are to be carried in the ledger. As the student already knows, the accounts carried in the ledger are determined by the items of infor- mation which it is desired to have shown on the reports. This fact constitutes a valid reason for a consideration of the nature and use of the reports before taking up the matter of the books of original entry. The number and the types of reports required, and the items shown by them, vary with the nature of the business operations and the organization of the managerial force.
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