A Brief History of Telephone Accounting

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BOSTON, December 30, 1887. GENTLEMEN: In our Circular of April 25th, 1884, we presented an outline for a system of accounts, which, in its essential features, is now employed by most of the companies throughout the' country. Its general adoption has proved of unquestioned value, by facilitating the com- parison of results in different localities. We believe the principles stated in that Circular have been recognized by those having the management of telephone companies, without exception, as co...rrect. In naming the several subdivisions of Expense, it seemed advisable to avoid the multiplication of accounts, which might involve a considerable addition to the work and cost of the accounting departments. Otherwise the list might have been extended. By several of the companies, a further subdivision has been made. The practice is not yet quite uniform, as regards the apportionment of Expense under its several heads, and to secure greater uniformity, which is certainly desirable, we offer the following suggestions, having first consulted many of those having charge of company accounts : DISTRIBUTION OF EXPENSES.

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