Excerpt from Unified Accounting Methods for Industrials Somewhere, somehow, sometime, in the universal makeup of things, a relationship will be found to exist between all things that function toward a common end. Activities using the same elements must in some way be dominated by a common principle. If this can be discovered it will serve as a clue to guide the investigator to his goal or enable him to return to the beginning of things for a fresh start if analytical ramifications have led him too far afield. It is with this thought firmly fixed in his mind that the writer has undertaken this work. Its subject matter is not new, but it is treated in a new way to reveal more clearly this condition of relationship. The scope of this work is limited to industrial or manufacturing activities, although the principles herein set forth are susceptible of a much broader application. It should be borne in mind that this is a day not only of specialists, but also of specialities, and that the cunning of the inventors mind has lost no opportunity to lighten the burden, lessen the cost, and make more accurate the work of the office as well as that of the factory. Any method of accounting proposed at this time must therefore take full cognizance of this fact if it is to be commensurate with modern progress. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Unified Accounting Methods for Industrials It is to be noted that the forms presented, while selected from those in actual use, are for illustrative purposes, and there is no hard and fast rule preventing their modification or change either in captions, size, or general arrangement to meet any special requirements. It has been deemed best to present the balance Sheet in the first part of the book. This means the giving first of that which would ordinarily be given last; but it is sometimes well to picture a house before building it, and this would seem to be one of those times. The author realizes the impossibility of writing a book of this character without leaving many questions un answered, and that it must necessarily be somewhat specific in its subject matter. It has, however, been written for the benefit of three classes of individuals, the executive, the engineer, and the accountant; but in the main, the present work is one of accounting and as such is submitted to his fellow-workers in the industrial world with but one thought and one wish, and that is, that they may derive as much profit from the application of its principles and precepts as the author has had pleasure in formulating them. In conclusion the author wishes to express his high appreciation of the efficient editorial assistance given by Dr. Carroll W. Doten, of the Massachusetts Institute of Technology, and by the editorial staff of The Ronald Press Company - assistance which has added much to the clear ness and general value of the book. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.