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Bulletin HASKINS & SELLS 31 Book Reviews Morton, D. Walter. Banking and Bank Accounting. (Chicago, Lyons and Carnahan, 1917.) 112p. As stated in the publisher's introduction, "for years there has been an insistent demand on the part of commercial teachers for a course in banking which would not only give instruction and training in bank accounting, but would instruct in the theory of banking as well." This statement is essentially true. It may be added that the present work answers the purpose rather better than anything yet offered. The chief defect of the book is that it has no index, suggesting thereby perhaps that it was not intended for use other than a text and basis for laboratory work. The author, who is the Dean of Accounting in the University of Oregon, after presenting a banking chart which sets forth the organization and relationships, proceeds to a discussion of credit. In connection with this discussion, there are numerous financial statements intended to offer opportunity for the application of theory to concrete cases. The chapters which follow discuss in an interesting and complete manner the following subjects: Kinds of banks; sources of a bank's earnings and losses; receipts and disbursements; officers and their duties; books used; opening the books of the Crete National Bank; transactions of the Crete National Bank. The text is accompanied by the books and forms necessary to the working out of the transactions. Finlay, James Ralph. The Cost of Mining. (New York, McGraw-Hill Book Company, Inc., 1909.) 415 p. The content of this book embraces various things other than the cost of mining, all of which, however, are related to the subject of mining. It contains interesting descriptions of the processes of mining the various materials as well in some instances as the statistics of production. Some of the more important topics covered are: The value of mining property; factors governing valuations; partial and complete costs; statistics of coal production; cost of mining Lake Superior iron; cost of silver and lead smelting; occurrence and production of gold. Gillette, Halbert P., and Dana, Richard T. Handbook of Mechanical and Electrical Cost Data. (New York, McGraw- Hill Book Company, Inc., 1918.) 1739 p. This book gives shipping weights capacities, outputs, and net prices of machines and apparatus and detailed cost of installation, maintenance, depreciation and operation, together with many principles and data relating to engineering economics. Like most books of its kind, its particular use to the accountant is the discussion of depreciation, repair, and renewals. The author defines depreciation as follows : "Depreciation is loss of value. It may occur as a result of the loss of useful life of a plant unit or its parts or because of the invention or design of a more efficient plant unit, or because a larger plant unit is more economic, or in consequence of a drop in the prices of equivalent plant units, or because of accident, injury, or in consequence of any change that makes it more economical to render an equivalent service with another plant unit." The author makes a distinction between natural depreciation and functional depreciation. Natural depreciation is said to be "loss of value due to physical or chemical changes in plant units; e.g., rot, rust, electrolysis, wear and tear, loss of value
Object Description
Title |
Book Reviews Additions to the Library, March, 1919 Index |
Author |
Anonymous |
Subject |
Books -- Reviews |
Office/Department |
Haskins & Sells. Library |
Citation |
Haskins & Sells Bulletin, Vol. 02, no. 04 (1919 April 15), p. 31-32 |
Date-Issued | 1919 |
Source | Originally published by: Haskins & Sells |
Type | Text |
Collection | Deloitte Digital Collection |
Digital Publisher | University of Mississippi Libraries. Accounting Collection |
Date-Digitally Created | 2009 |
Identifier | HS Bulletin 2-p31 |