Principles, Rules And Definitions for Bookkeeping

Cover Principles, Rules And Definitions for Bookkeeping
Principles, Rules And Definitions for Bookkeeping
Lloyd Earnest Goodyear
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The appear- ance of any slackness in making records in any part of the books, tends to destroy the entire record as evidence.
Completeness should also extend to a statement of all the essential facts in every entry of every transaction.
There should be no need to guess at the meaning of an entry.
71 E. Systematic Entries. There must be a well defined system for making entries. Varying styles of entry, or even variation in the style of writing, tends to cast doubt upon a set of books. These shou
...ld show that all entries of the same kind follow the same general routine of entry.
Digitized by Google BOOKKEEPING— Original Entries (71-71 H) 109 Any kind of books, whether bound, or loose-leaf, or even cards, or other devices, are admissible, provided they show all reasonable safeguards against inaccuracy.
71 F. Reliable Entries. A set of books should show the straightforward, open record of one who is accustomed to write facts only, and to write them just as they are. Erasures and alterations show uncertainty.


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