Excerpt from The Science of Loose Leaf Book-Keeping and Accounting Loose leaf book-keeping is a development of very recent years. It is an evolution from the necessity of pinning several important sheets together to preserve their continuity. Like any other of the world's best, and most modern methods it was American in its birth, and has been, so far in its existence, almost exclusively American in its use. The conservatism of the old world has as yet prevented any general application of the idea to the business methods there. It has come to stay however, and will gradually spread throughout the entire accounting system of the world. Primarily the term Loose Leaf as applied to bookkeeping, means books from which leaves may be removed, or in which leaves may be inserted at pleasure, as distinguished from bound books in which the leaves are sewed and thus permanently fixed. The same general rules apply in double entry bookkeeping, whether bound or loose leaf books are used. In the keeping of books on the loose leaf plan, however, many details can be changed and a number of advantages gained by which a great saving of time and labor is effected, and accuracy assured. A beautiful mosaic may be arranged, each piece dovetailing perfectly with its fellow, thus making a system which would be impossible to devise if bound books were used. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

This book is a comprehensive guide to the principles and practice of book-keeping and accounting. It explores the various systems and methods used in the field, providing real-world examples and practical advice for those looking to improve their financial management skills. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Overview: The Haddock text features the successful author team Price et al. The author team based A Contemporary Approach on the solid foundation of the Price 12e textbook; however, in Haddock, the approach has been modified to fit the needs of a growing number of College Accounting instructors who teach the course without covering special journals. These instructors feel that special journals are an unnecessarily complicated subject for such a basic course. By eliminating special journal coverage, professors are free to focus on recording to the general journal and posting to the general ledger - the basic bookkeeping functions that are so important to accountants in the real world. Competing books have placed special journals in an appendix (Slater) or tried to separate special journal coverage from general journal coverage but retain both (McQuaig). Haddock is the only text on the market that eliminates special journal coverage completely (why make students pay for material they will not learn in the course?). With Haddock on the roster, instructor’s have a choice between a traditional approach that fully integrates special journals into the text in a succinct and logical way (Price 12e) or a contemporary approach that focuses on the basics and is more in keeping with where the course is headed in the future (Haddock 1e).

Overview: The Haddock text features the successful author team Price et al. The author team based A Contemporary Approach on the solid foundation of the Price 12e textbook; however, in Haddock, the approach has been modified to fit the needs of a growing number of College Accounting instructors who teach the course without covering special journals. These instructors feel that special journals are an unnecessarily complicated subject for such a basic course. By eliminating special journal coverage, professors are free to focus on recording to the general journal and posting to the general ledger - the basic bookkeeping functions that are so important to accountants in the real world. Competing books have placed special journals in an appendix (Slater) or tried to separate special journal coverage from general journal coverage but retain both (McQuaig). Haddock is the only text on the market that eliminates special journal coverage completely (why make students pay for material they will not learn in the course?). With Haddock on the roster, instructor’s have a choice between a traditional approach that fully integrates special journals into the text in a succinct and logical way (Price 12e) or a contemporary approach that focuses on the basics and is more in keeping with where the course is headed in the future (Haddock 1e).