[the Principles of Accounting]
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[the Principles of Accounting]
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In our eReader you can find the full English version of the book. Read [the Principles of Accounting] Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book [the Principles of Accounting]
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In the commercial world, profit is the test and measure of success. Profit is the excess of value received over the cost of producing and marketing. Competition makes price fixing a matter largely beyond the control of the producer; therefore, the possibility for increased profit lies only in a reduction of the cost of producing and marketing. TTsually this cost is made up of various ele- ments of expense, and it is necessary to get at the propor- tions and amounts of such elements in order to ...learn where it is possible to economize without injuring the product.
14. We thus come to the governing principle of cost accounting, which, by collating such information, enables the producer to know the amoimts of the several elements of expense which have entered into the total cost of any piece of work, and from such information to develop more economical methods for the conduct of future operations.
15. Prom the standpoint of profit there does not seem to be the necessity for the study of costs in governmental work that there is in the commercial world, but the rela- tion between the outlay of money and the return of valu- able product is much the same in the government service as in private work.
What to read after [the Principles of Accounting]?
You can find similar books in the "Read Also" column, or choose other free books by Willis, Henry Parker, 1874-1937 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In the commercial world, profit is the test and measure of success. Profit is the excess of value received over the cost of producing and marketing. Competition makes price fixing a matter largely beyond the control of the producer; therefore, the possibility for increased profit lies only in a reduction of the cost of producing and marketing. TTsually this cost is made up of various ele- ments of expense, and it is necessary to get at the propor- tions and amounts of such elements in order to ...learn where it is possible to economize without injuring the product.
14. We thus come to the governing principle of cost accounting, which, by collating such information, enables the producer to know the amoimts of the several elements of expense which have entered into the total cost of any piece of work, and from such information to develop more economical methods for the conduct of future operations.
15. Prom the standpoint of profit there does not seem to be the necessity for the study of costs in governmental work that there is in the commercial world, but the rela- tion between the outlay of money and the return of valu- able product is much the same in the government service as in private work.
What to read after [the Principles of Accounting]?
You can find similar books in the "Read Also" column, or choose other free books by Willis, Henry Parker, 1874-1937 to read onlineMoreLess
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