The Accounting Review Vol. 11 No. 3 1936
FINANCIAL STATEMENTS OF NATIONAL WEALTH AND NATIONAL INCOME.
Abstract
The article focuses on financial statements of national wealth and national income. According to the author, an article published in the "Journal of Political Economy," by Morris A., points out that the national income statement has relationships to the statement of national wealth or national balance sheet which are analogous to the relationships of a corporate income statement to the corporation's balance sheet. This observation intrigues the accountant. The possibilities of setting up financial statements for the national income and the national wealth are for the most part unexplored in published works on these subjects. The interrelationship between the income sheet and the balance sheet is here especially important. Most of the previous studies of national income in the United States have necessarily made use of accounting data, both as found in census reports and as secured directly from business enterprises. Some of the previous studies have attempted estimates both of the national income produced, and of the national wealth, classified by industries.
- DOI
- 10.2308/tar-7076423
- Volume
- 11
- Issue
- 3
- Pages
- 271-290
- Language
- en
- Sources
- openalex crossref