Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-12-11

~ ~. for Inv
1ctls = u during the examina-
l y me to make any
= I! !:,ssr 8 to the form OF
1cf ID the accounting
4 .Orid like to have me
yvu ~ was to have mel
~ after exactly as the
e. ~ould. without any
n puble; ~ than the published
s s,s 1t is understood
q s sr;nr state officials for
n ~ !. ~ reasonable detail
w r i ~ soually true that the
!.!s hi not 50 to that Of
: a idea was to keep to
= .corts. The printed
blhee Z. + re State Auditor
rgeI Z frsasurer and OF the
.s,nItiss for 1923 and 1924
KINNEY NV"
ss1srstand i
lines has four sets OF
- indispensable to the
90, Nance sheet comparative
~ the previous year,
], III for the entire bust
80 suything omitted, the
s.s,s 81 the fixed lperm-
l .'srent (changeable) as
s'sisd (long term) debt,
,s debt that increases
- 4 sccordanee with the
g s,sfement Of receipts.
~ kinds, and Compare
~, Y csser years, just where
" Y. rou,e from, and separ-
ls I'D from borrowings and
~ & receipts. ,
stateu1ent OF ulSpurSc-
81 sshould be in at least
~ showing what it cost
IN, ~ ne business and the
IN additions to the
Z Nm should be separ-
Il general causes for the
N compared with other
aau Nx
. 4,iament of inventories
IVA, rsusist, where they are,
IA he value.
Elements such as these
In fur comparison with
ss,ements, but the publish
], Il BE state are made up
';;, Il diferent lines. and
theory not used by a
AZ s large income as the
ssmIIr that developed when
E,up6re the two methods
s.,;zy has led to something
"A Il methods among states.
& have been most inter-
n / hope, viii be useful to
III diaerence between State
n business reports:
Hi 4 The method OF ac-
hll0xed by a business is to
HI report the accounts
& TIll furnish the man
xj;h an understanding,
i he iacts, but also of the
Al buslness, and to be an
I'D q guide. to the end
Ill nav be increased and
;sa.id These are some OF
x Why in business pres
sp5Aed that statements
IT'D he accounts should be
EunptIy to be useful in
ihe property, and not wholly
ktlal value.
unting policy of the State,
I ibis Maine stands with
Bill every other state in the
,sees the fidelity of the ac-
siee The quick usefulness of
kns. Business has learned
Id fidelity and usefulness can
JHshed by the same method
ss.ns, but the states of the
\ Safes have not yet acted
ii .fperience of business.
Fsdiee Of the State is not
shsa Standing alone, and
slsEing for the habit of
he citizens who should
ad the facts disclosed byI
hlsnents. But when con-
hunthe standpoint of the
nay be found that very
/ laase 70 whom the reports
~ andestand them, and still
rszs use Of them. The rea-
% At least SEEMING to be,
are not in the form and
language used by the peo-
"a matters.
I De- method of accounting
q the State is the result
ENislons used in the legis-
" and It is undoubted that
ale pf capable and faithful
% Clerks have done all they
" lhe requirements hedging
: asisof appropriation and
and state legislation is
slaM rom the standpoint
aaanakef, rather than from
~ no are called upon to
slation work. Our
IN = ss are not made COM
Y y ne Treasury Depart
washington, but the diff
u " ! eonflictions are largely
las way the legislation
assIl ~ app''e' ~
v seemed necessary to
4. muses. for the. pro-
I "a y found. Likewise, it |
- aeslrable to set UP the
s,ssa 70 bring into use any
4 eommended. Both of
i, zone better and more
tx .a0se whose business 1t
= ~ reQuirements of the |
'''.:!, aifeations Of accounts: |
y ". !safs business has been
sssts oi effort toward stand |
u sHssping methods, and |
4. a,,: sifeations Of ac-
sss,0 s1set being that the !
I'M &. the better know |
Is w ! BY its own efforts. |
". ae results obtained |
Nv ~ results Of others !
yhn ". similar business. |
n I 8 ana still are, annual |
Vi S..s ountants interested !
MI ~: q which meetings |
~ is' s1;et Of accounting and |
sils. e the industry are |
NJ Y W. V ne use Of figures. |
n6. 80 work Il TO set up |
lk ~. cunts IN the clear |
nisssnns!. that there may |
M \, landing by the
q X Nhat It is accom-
& sRise. no misunder- |
NJ 49, stockholders Of |
IaS'..E hich result from |
lQUo 49, AAVix4