What is profitability accounting?;

              Profitability Accounting
Is Versatile . . .
companies ranging in annual sales
volume from less than Vz million
to 100 million hare used profit­ability
accounting successfully.
They include . . .
T\ Station
BanJk
Paint Manufacturing
Luggage Man u facta ring
Electronic Components
Automotive Parts Supplier
Structural Steel Fabricator
Tool and Die Manufacturer
Metal Extrusions Company
Shoe Manufacturer
Women's Clothing Manufacturer
Heavy Machinery Manufacturer
Manufacturer for Government
lYTe are all aware that the roots
' ' and customs of accounting go
back many centuries. Much of what
we now call accounting, however,
has been developed step by step over
only a couple of generations.
Accounting in the very early days
was concerned primarily with the
listing of transactions — a diary of
notations which could be referred to
at a future time. Accounts were also
set up quite early to record business
transactions between a buyer and a
seller. Double entry bookkeeping
gradually developed and the more
sophisticated concepts of what we
now call custodial accounting
Contracts
J
Robert Beyer
and
Paul E. Hamman
*y THE QUARTERLY