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- Title
FLEXIBLE ENTITY ACCOUNTING.
- Authors
Curry, Ralph
- Abstract
The article presents an annual convention "Flexible Entity Accounting" published in 1960 issue of the journal "The Accounting Review." Fundamentally, the "refuse and dregs" idea is based on the triple theory that the large error is improbabic for two reasons, a bookkeeper tends to become more careful as he moves to the left in the Process of computation and the experienced bookkeeper, developing a sense of proportion in dealing with figures, will intuitively recognize a disbalance in the significant error. An employee, whatever his professed feeling, is in consort with the interests of an employer or client and the error of the employee, therefore, tends more often than not to favor the employer or client, mistake in the addition of debits, for example, usually resulting in a greater debit than warranted and a contrary result is more often than not experienced in the addition of credits-the whole resulting in a disbalance between credits and debits in the employer's or client's favor; thus the term, favorable disbalance and finally the advent of an upsurge in bookkeeper prestige gained by his more independent and responsible position results in a correspondingly positive moral factor in dealing with his company as well as in dealing with the accounting firm-and hence, an increased devotion to his work with a companion gain in accuracy.
- Subjects
CURRY, Ralph; ACCOUNTING; PROFESSIONAL employees; CREDIT; BUSINESS enterprises; BOOKKEEPING; EXECUTIVES
- Publication
Accounting Review, 1960, Vol 35, Issue 1, p120
- ISSN
0001-4826
- Publication type
Article