Excerpt from Accounting Practice and Auditing, Vol. 21: Written for the Alexander Hamilton Institute

In the preparation of this volume, the author has endeavored to keep constantly in mind its relation to the other volumes of the Modem Business Text, especially those dealing with accounting. For this reason, all reference to valuation and interpretation lias been avoided.

By the time the reader has reached this volume of the Modern Business Text he has become familiar with the fundamental principles of bookkeeping, he has, moreover, seen the application of these principles in Cost Finding. The special phases of Branch Accounts, Partnerships, Consignments and Joint Ventures, Corporations and Fiduciaries require separate consideration and for this reason, they have been discussed at length in so far as accounting practice is involved.

During several years as member of the staff of the Alexander Hamilton Institute, the author has frequently been called upon to aid subscribers in the solution of their difficulties arising from their reading in the Modern Business Course and Service.

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