Journal Article Comment Get access M. A. Adelman M. A. Adelman Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 65, Issue 2, May 1951, Pages 280–283, https://doi.org/10.1093/qje/65.2.280 Published: 01 May 1951

Journal Article Note on Price Discrimination and the A & P Case Get access Rashi Fein Rashi Fein Johns Hopkins University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 65, Issue 2, May 1951, Pages 271–280, https://doi.org/10.2307/1879538 Published: 01 May 1951

While this article was in press, the Editors were shocked to learn of the death of Dr. Ernest M. Doblin on July I4. They take this opportunity to pay tribute to the important work which Dr. Doblin did in many fields of economics and especially in the area of national income. The availability of income statistics as well as their improvement owe a great deal to Dr. Doblin. The following article stands as it was printed from manuscript without the benefit of author's corrections in proof.

The article discusses interrelationships in governmental accounting theory. In governmental accounting, a fund is composed of a group of related assets and equities. The relationship between the items in the grouping is the common purpose for which the assets are destined. The fact that many of the assets which governmental units come into possession of can and must be used for various specific purposes makes it desirable to administer, expend and receive as revenue the assets dedicated to one purpose separately from the assets dedicated to all others. In governmental accounting, accrual accounting has made it possible to record and thereby report on liabilities and other assets in addition to cash. This was felt to be desirable in order to make it possible to administer and control in a more satisfactory manner such items as permanent property, inventories, taxes and other receivables and liabilities, particularly funded debt. The use of budgetary accounts makes this comparison automatic and almost inescapable. Also, due to the legal significance of the budgetary appropriations, budgetary controls necessary to prevent illegal acts as well as to help coordinate governmental operations and make them more efficient.

Reviews two books on federal taxes. "Montgomery's Federal Taxes--Corporations and Partnerships, 1949-50," by Robert H. Montgomery, Conrad B. Taylor and Mark E. Richardson and "Montgomery's Federal Taxes--Estates, Trusts and Gifts, 1949-50," by Robert H. Montgomery, James O. Wynn and G. Harold Blattmachr.

Reviews the book "Graphic Budgets," by W.J. Eiteman.