Accounting Historians Journal Volume 12 Article 11 Issue 2 Fall 1985 1985 Accounting Historians Journal, 1985, Vol. 12, no. 2 [whole issue] Follow this and additional works at: https://egrove.olemiss.edu/aah_journal Part of the Accounting Commons, and the Taxation Commons Recommended Citation (1985) "Accounting Historians Journal, 1985, Vol. 12, no. 2 [whole issue]," Accounting Historians Journal: Vol. 12 : Iss. 2 , Article 11. Available at: https://egrove.olemiss.edu/aah_journal/vol12/iss2/11 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 Accounting Historians Journal by an authorized editor of eGrove. For more information, please contact [email protected]. et al.: Accounting Historians Journal, 1985, Vol. 12, no. 2 The Accounting Historians Journal Published by The Academy of Accounting Historians Fall 1985 Volume 12, Number 2 Research on the Evolution of Accounting Thought and Accounting Practice Published by eGrove, 1985 1 Accounting Historians Journal, Vol. 12 [1985], Iss. 2, Art. 11 THE ACADEMY OF ACCOUNTING HISTORIANS The Academy of Accounting Historians is a nonprofit organization of persons in- terested in accounting history and was formed in 1973. The objectives of The Academy are to encourage research, publication, teaching, and personal inter- changes in all phases of accounting history and its interrelation with business and economic history, including the environment within which they developed. Mem- bership is open to persons, in all countries, who are interested in accounting history. President Edward N. Coffman Virginia Commonwealth University President-Elect Mervyn W. Wingfield James Madison University Vice President .. Dale L. Flesher University of Mississippi Vice President Eugene H. Flegm General Motors Corporation Treasurer Kenneth O. Elvik Iowa State University Secretary .... Alfred R. Roberts Georgia State University TRUSTEES—1985 Tito Antoni Barbara D. Merino University of Pisa North Texas State University Richard P. Brief Lee D. Parker New York University Griffith University Doris M. Cook Robert H. Parker University of Arkansas University of Exeter Norman X. Dressel Gary John Previts, Corporate Agent Georgia State University Case Western Reserve University Dale L. Flesher Hanns-Martin W. Schoenfeld University of Mississippi University of Illinois Paul Frishkoff Mervyn W. Wingfield University of Oregon James Madison University H. Thomas Johnson Vernon K. Zimmerman University of Washington University of Illinois Osamu Kojima Kwansei Gakuin-Japan In addition to publishing The Accounting Historians Journal, The Academy pub- lishes The Accounting Historians Notebook (newsletter), Monographs, Working Papers, and reprints of Accounting History Classics. For information concerning the newsletter contact Dale L. Flesher, School of Accountancy, University of Mis- sissippi, University, Mississippi 38677. For information on the publications of The Academy mentioned above, as well as back issues of The Journal, refer to the various announcements in this issue. Annual membership dues, including subscriptions to The Accounting Historians Journal and The Accounting Historians Notebook, $20.00. Refer to the membership announcement in this issue. Inquiries concerning membership and other matters relating to The Academy (other than submission of manuscripts to The Accounting Historians Journal) should be addressed to: Secretary, The Academy of Accounting Historians, P.O. Box 658, Georgia State University, Atlanta, Georgia 30303 U.S.A. https://egrove.olemiss.edu/aah_journal/vol12/iss2/11 2 et al.: Accounting Historians Journal, 1985, Vol. 12, no. 2 The Accounting Historians Journal Fall 1985 Volume 12, Number 2 Published by eGrove, 1985 3 Accounting Historians Journal, Vol. 12 [1985], Iss. 2, Art. 11 EDITORIAL STAFF OF THE ACCOUNTING HISTORIANS JOURNAL Co-Editors Kenneth S. Most, Manuscripts Editor Ashton C. Bishop, Production Editor Florida International University James Madison University Advisory Editors Gary John Previts Williard E. Stone Case Western Reserve University University of Florida (Emeritus) Feature Editors Linda H. Kistler, Book Reviews Maureen H. Berry, Doctoral Research University of Lowell University of Illinois Editorial Board Rolf K. Auster Hugh P. Hughes Florida International University Georgia State University Vahé Baladouni Lyle E. Jacobsen University of New Orleans University of Hawaii at Manoa Richard P. Brief H. Thomas Johnson New York University University of Washington Dale A. Buckmaster Orville R. Keister University of Delaware University of Akron R. J. Chambers Anthony T. Krzystofik University of Sydney University of Massachusetts Michael Chatfield Geoffrey A. Lee California State University, Fresno University of Nottingham Bernard A. Coda Albro Martin North Texas State University Bradley University John K. Courtis Robert H. Parker University of Waterloo University of Exeter Robert Crum Hanns-Martin W. Schoenfeld Pennsylvania State University University of Illinois Diana Flamholtz William G. Shenkir Loyola-Marymount University University of Virginia Paul Frishkoff S. Takatera University of Oregon University of Kyoto Horace R. Givens William Woodruff University of Maine at Orono University of Florida Louis Goldberg University of Melbourne The Accounting Historians Journal is a refereed scholarly journal published semiannually in the Spring and Fall: printed by The Birmingham Publishing Com- pany, 130 South 19th Street, Birmingham, Alabama 35233. The Journal is the suc- cessor to the quarterly publication The Accounting Historian and is numbered as a continuation to maintain the sequence of that issue which commenced in Jan- uary, 1974. The Accounting Historians Journal does not assume responsibility for statements of fact or opinion made by its contributors. Manuscripts submitted to The Accounting Historians Journal should be sent to the Manuscripts Editor whose address is shown at the end of the Guide for Submitting Manuscripts in this issue. ii https://egrove.olemiss.edu/aah_journal/vol12/iss2/11 4 et al.: Accounting Historians Journal, 1985, Vol. 12, no. 2 THE ACCOUNTING HISTORIANS JOURNAL Semiannual Publication of The Academy of Accounting Historians Volume 12, Number 2 Fall, 1985 CONTENTS KENNETH S. MOST, Manuscripts Editor Page Guide for Submitting Manuscripts v Reproduction Policy vi Feature Articles America's Earliest Recorded Text in Accounting: Sarjeant's 1789 Book—TERRY K. SHELDAHL 1 Financial Reporting for The Georgia Colony— JOHN H. ENGSTROM and RANDOLPH A. SHOCKLEY 43 The History of Advertising by Accountants— THOMAS D. WOOD and ANNE J. SYLVESTRE 59 The Role of Stock Dividends in Defining Income, Developing Capital Market Research and Exploring the Economic Consequences of Accounting Policy Decisions—JAMES J. TUCKER, III 73 Barter: Development of Accounting Practice and Theory— WILLIARD E. STONE 95 Historical Nuggets Financial Administration of Ancient Ashanti Empire—KWAME AFOSA 109 James O. McKinsey—TONYA K. FLESHER and DALE L. FLESHER 117 Book Reviews, Linda H. Kistler, Editor Cronhelm, Double Entry by Single HOLMES 129 Dicksee, Fraudulent Accounting MISTER... .131 Dillon, The Role of Accounting in the Stock Market Crash of 1929 ROBERTS 133 Hain, Uniformity and Diversity JONES. .136 iii Published by eGrove, 1985 5 Accounting Historians Journal, Vol. 12 [1985], Iss. 2, Art. 11 Page Holmes, Kistler and Corsini, Three Centuries of Accounting in Massachusetts SHELDAHL... .138 van de Linde, Reminiscences GRAY... .141 Marsh, The Theory and Practice of Bank Book-keeping GIVENS.... 142 Pixley, The Profession of a Chartered Accountant JOHNSON 144 Doctoral Research, Maureen Berry, Editor Doctoral Dissertation Abstracts—Humma, Hoyt, Bossenga, Smith, Moders, Volk, Berglund, Lubar 147 Announcements 156 © The Academy of Accounting Historians, 1985 iv https://egrove.olemiss.edu/aah_journal/vol12/iss2/11 6 et al.: Accounting Historians Journal, 1985, Vol. 12, no. 2 Guide for Submitting Manuscripts Manuscripts must be in English and of acceptable style and organization for clarity of presentation. Submit three copies typewritten, double-spaced (except for indented quotations) on one side of 8½ x 11 inch (approx. 28.5 cm x 28.0 cm) white paper; paragraphs should be indented. An abstract of not more than 100 words should accompany the manuscript on a separate page. The manuscript should not exceed 7,000 words and margins should be wide enough to facilitate editing and duplication. All pages, including footnote and references pages, should be serially numbered. The cover sheet should state the title of paper, name(s) of author(s), affiliation, and the appropriate address for further correspondence. The title, but not the name(s) of the author(s), should appear on the abstract page and on the first page of the body of the manuscript. Acknowledgments should appear at the bottom of the first page of the body of the manuscript and be excluded from the consecutively numbered footnotes. Manuscripts currently under review by other publications should not be sub- mitted. Major headings within the manuscript should be centered, underscored, and un- numbered with the first letter of major words capitalized. Subheadings should be on a separate line beginning flush with the left margin, and underscored with the first letter of major words capitalized. Third-level headings should lead into the paragraph, be underscored, and followed by a period; text should immediately follow on the same line. Tables,