The Accounting Review Vol. 11 No. 2 1936
ACCOUNTING FOR 'INCOME' MUNICIPALITIES.
Abstract
It is now generally recognized that the principles of accounting for the business of government cannot follow exactly the patterns of accounting for private business enterprises. As yet, the principles of governmental accounting, with standard classifications and terminology, have not been completely developed. Tremendous strides in that direction have been taken through the work of the National Committee on Municipal Accounting, which was organized in January 1934 in the U.S. This committee by its' work has stimulated the interest of accountants in the problems of municipal accounting, and it has produced definite recommendations, which are being accepted as fundamental and sound in principle. The purpose of this article is not to review the work done by the National Committee, but rather to present problems that as yet may not have been answered in the recommendations of the Committee. Specifically, this discussion will consider problems that may arise in presenting operating statements of municipalities, and in maintaining the accounts to obtain the operating statements, particularly as to items of income, revenue or receipts.
- DOI
- 10.2308/tar-7076360
- Volume
- 11
- Issue
- 2
- Pages
- 164-171
- Language
- en
- Sources
- openalex crossref