Bulletin HASKINS & SELLS 15
Hodge, A. C , and McKinsey, J . O.
Principles of Accounting. (Chicago, The
University of Chicago Press, 1920.
This familiar title serves to describe a
typical text for first year students in a
school of commerce of university grade
where preparation for the accountancy
profession is not the prevailing objective.
The authors recognize three classes of
students, however, in planning the book.
The first falls in the group which is primarily
interested in the relation of government
to business; the second, in preparing for
public accounting; the third and largest,
that group the members of which aim to
become business executives or to devote
their efforts to accounting of a nonprofessional
While the book is of a high class, the
exposition extremely clear, and the style
good, it appears not to contain anything
particularly new in content, arrangement,
The first chapter is, from certain points
of view, the best in the book since it presents
an unusually good conception of
accounting. It stresses accounting as an
instrument of business control and shows