Journal of Accountancy, June 1930 Vol. 49 Issue 6 [Whole Issue]

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Journal of Accountancy, June 1930 Vol. 49 Issue 6 [Whole Issue] Journal of Accountancy Volume 49 Issue 6 Article 12 6-1930 Journal of Accountancy, June 1930 Vol. 49 Issue 6 [whole issue] American Institute of Accountants Follow this and additional works at: https://egrove.olemiss.edu/jofa Part of the Accounting Commons Recommended Citation American Institute of Accountants (1930) "Journal of Accountancy, June 1930 Vol. 49 Issue 6 [whole issue]," Journal of Accountancy: Vol. 49 : Iss. 6 , Article 12. Available at: https://egrove.olemiss.edu/jofa/vol49/iss6/12 This Article is brought to you for free and open access by the Archival Digital Accounting Collection at eGrove. It has been accepted for inclusion in Journal of Accountancy by an authorized editor of eGrove. For more information, please contact [email protected]. SINGLE COPY 35 CENTS PER ANNUM $4.00 The JOURNAL of ACCOUNTANCY VOLUME XLIX JUNE, 1930 NUMBER 6 CONTENTS Editorial ......... 401 The Broadening Way of Accountancy — New Times, New Manners — Economics and Accountancy — The Amiable Reticence of the Press — How News is Sometimes Edited — Part of a Common Policy — Cost or Market Values — An Old Theory Attacked — Valuations Cut to Fit — Not Perfect but Useful Still. American Institute of Accountants Examinations, May, 1930 ........ 411 Yard-sticks ....... 427 By Walter Mucklow Relation of Partnership Law to Accounting . 431 By Michael S. Forest Preparing for Examinations .... 445 By an Examiner Students’ Department ..... 451 Edited by H. P. Baumann Correspondence ...... 464 Book Reviews ....... 470 Accounting Questions ..... 473 Current Literature ...... 475 Issued Monthly by THE JOURNAL OF ACCOUNTANCY, Incorporated, Publishers Publication Office, 10 Ferry Street, Concord, N. H. Editorial and General Offices, 135 Cedar Street, Manhattan, New York, N. Y. President, CARL H. NAU Treasurer, J. E. STERRETT Secretary, A. P. RICHARDSON 3334 Prospect Ave. 56 Pine Street 135 Cedar Street Cleveland, Ohio New York, N. Y. New York, N. Y. Entered as second-class matter at the Post Office at Concord, New Hampshire, under Act of March 3,1879 Copyright 1930 by The Journal of Accountancy, Incorporated THIS MAGAZINE DOES NOT EMPLOY SUBSCRIPTION CANVASSERS Authors of Articles in This Issue of The Journal of Accountancy Walter Mucklow. Member of Council, American Institute of Accountants. Certified Public Accountant (Florida). In practice, Jacksonville, Florida. Michael S. Forest. Certified Public Accountant (New York). In practice, in New York. Important to Subscribers When you notify The Journal of Accountancy of a change of address, both the old and new address should be given. Kindly write, if possible, so as to reach the pub­ lisher by the fifteenth day of the month. NEWS For a dollar a year one can obtain a monthly summary —clearly and concisely presented—of current events affecting accountants and accounting: professional news, legal opinions, legislative action, personal notes, and so forth. The Bulletin of the AMERICAN INSTITUTE of ACCOUNTANTS 135 CEDAR STREET NEW YORK THE JOURNAL OF ACCOUNTANCY I RA ecord that inspires confidence The Walton School has seen more than one thousand of its students pass the C. P. A., C. A., and American Institute examinations, counting only once those students successful in both C. P. A. and American Institute examinations. For nine consecutive years Walton students were honored by mention of special distinction in American Institute examinations, while in the Illinois C. P. A. examinations twenty times Walton students have won medals offered by the Illinois Society of Certified Public Accountants for high standing in the Illinois examinations. Mail Coupon for Free Descriptive Book Mailing the coupon will bring you a free copy of “The Walton Way to a Better Day,’’ which tells of the notable accomplishments of Walton graduates as executives, comptrollers, and auditors in industrial organizations, as well as members of public accounting firms. It also contains many letters from public accountants and other executives who endorse Walton training, and letters from universities and colleges which have adopted Walton courses. Day and Evening Classes and Home Study Instruction As day classes are started at frequent intervals, it usually is possible for a day student to begin at the point in the course for which his previous education and experience qualify him. Evening resident classes start in September and January. WALTONSCH OOLof Commerce GEORGE J. TEGTMEYER, Secretary 362-372 McCormick Bldg., Chicago Member National Home Study Council WALTON SCHOOL OF COMMERCE 362-372 McCormick Bldg., Chicago Without obligation on my part, please send me a copy of "The Walton Way to a Better Day," and suggestions as to what you can do to help me advance in the business world. Name...........................................................................☐ C orrespondence Instruction Address........................................................................ I am interested ☐ Resident Day Classes City and State.......................................................... IN ☐ Resident Evening Classes Occupation..........................................Age.................... When writing to advertisers kindly mention The Journal of Accountancy II THE JOURNAL OF ACCOUNTANCY Why Fit A Method toan Accounting Machine? HE only way to get figures econ­ If it’s a “non-descriptive” machine omically, completely and on time you require, Remington Rand has Tis by high speed accounting ma­ 48 of them. If it’s a combination chinery. Yet, why fit a method to an typewriting and accounting machine, accounting machine when you can there are 23 at Remington Rand’s get accounting machines fitted to a disposal. Even if you require highly method ? specialized tabulating equipment, Remington Rand now answers that Remington Rand has many models question in a new way—and the right to choose from. way. Not by trying to saddle any Remington Rand is the “G. H. Q.” of method to any one make of account­ accounting machinery with a staff of ing equipment. But by selecting from experts you can profitably consult... all types of accounting machines, with a wide line of equipment you consolidated in Remington Rand, the can safely recommend. one mechanism precisely suited to your method needs. Accounting Machine Division Only Remington Rand can do this. For only Remington Rand has mobil­ Remington Rand ized in one parent company the BUSINESS SERVICE whole range of accounting equip­ BUFFALO, N. Y. ment. Sales Offices in All Principal Cities When writing to advertisers kindly mention The Journal of Accountancy THE JOURNAL OF ACCOUNTANCY III MUCH SWIFTER, SIMPLER, SAFER, THAN EXECUTIVE FOUNTAIN PENS . THE TODD CHECK SIGNER The executive, whose duty it is to sign passing through the machine, simplify the L checks, can hand-sign about 300 an hour matter of executive supervision. A smaller — if he’s a rapid penman. But it’s grueling, model signs 1200 checks an hour. cramping physical labor. 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J. accountancy boards in 48 states; June, 1929 papers are included. Distribution is: California. 39 New Jersey........... 16 Florida............. 26 New York...... 60 Illinois............... 42 Ohio.......................... 24 Indiana............. 25 Pennsylvania.... 31 Massachusetts 20 Washington........... 33 Michigan.... 23 Wisconsin............... 18 Missouri........... 26 Other States.......... 572 Be Sure You’re Prepared The four buckram-bound volumes contain 400 problems and 5,824 questions, classified in for the Next related groups, with lectures authenticated by 7,579 specific references to recognized accounting authorities. Volume II solves problems in Volume C.P.A. Examinations I; Volume IV problems
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