Abstract Since "The Accounting Review" is published by and for a group of teachers, it seems .fitting that occasional attention be given to the pedagogy of accounting. In what does the pedagogy of accounting consist? Essentially the answer will be identical to that given in response to a question of the same nature applied to any science. One must lead the novice carefully from the known to the unknown, one must continually stimulate him with the own eagerness and zeal for the science. One must relate the theoretical to the practical, and one must unceasingly drill on fundamentals. All teachers of accounting are trying to put across the subject in a way that will result in a minimum of confusion on the part of the student as to what it's all about and a maximum of concrete results gained. To be more specific, one of the problems is expeditiously and with the least use of the forceps to extract a number of false conceptions from the mind of the average student, coming, as he does, untrained but many times with certain definite preconceived notions regarding income, surplus, accruals, controlling accounts, reserves, expenses and many other accounting concepts.