Buy Cost Reports for Executives as a Means of Plant Control by Benjamin Alvey Franklin
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Cost Reports for Executives as a Means of Plant Control

Cost Reports for Executives as a Means of Plant Control


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About the Book

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER II THE PLACE OF THE TRIAL BALANCE IN THE COST SYSTEM TN the ordinary practice of the cost systems of today the relation of the trial halance to the costs is very distant, and not infrequently the connection is untraceable absolutely. The trial balance is considered as a monthly means of proving the accuracy of the book-keeping but, as a means of indicating to the executive any facts about the operation of the plant, it becomes interesting only after stock-taking periods. Yet, as a matter of fact, while the general practice has not borne it out, the book-keeping system, of which the trial balance is only the periodical statement of balances, is the right and natural cost system. It has not assumed its position as such merely because it has followed the lines of least resistance. It was always intended to tell the story of the business in a complete manner; but, in the grand majority of cases, the system developed to include only those items that came naturally and necessarily to the book-keeper in the form of bills paid or to be paid, and bills collected or to be collected?because all other items, analyses of these bills, indicating internal events, proved too difficultto collect accurately, when at all. Not that this development is to be condemned, because this much has proven very valuable and essential, and the difficulties of obtaining through the book-keeping system a complete series of costs, and thus a trial balance giving a complete monthly showing of the business, are such as are not easy to be overcome. Yet there are two vital reasons why the costs should be a part of the book-keeping system, and why the latter should universally assume the dignity and value of the recital of a complete story, and not be compelled to have the cost system as its sequel...


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Product Details
  • ISBN-13: 9780217193771
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 0217193773
  • Publisher Date: 17 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 73 gr


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