Document Type
Article
Publication Date
1923
Abstract
The purpose of this outline is to set forth a method by which the financial transactions of a municipality may be recorded in a simple yet adequate manner. It does not attempt to do more than show how the transactions may be handled and booked, so that their source, disposition and amount may be readily traced and understood, and to do this in a manner which will accord with the laws governing municipal finances. To do this it is necessary to assume that certain well approved methods of fiscal policy have been employed, although it is not possible to refer in detail to all these matters without introducing into the text much that is extraneous and which would distract from a description of accounting procedure. Also, it is not possible in each instance to discuss the many requirements and limitations of municipal law in the different States which would necessitate some variation in the treatment here suggested. The nomenclature of accounts varies in different States and different places, but the terms used here are believed to be descriptive of their meaning, however local custom may translate them or however the administration of the financial affairs (as distinct from the record of them) may vary from the examples given.
Relational Format
article
Recommended Citation
Beasley, Leonard, "Outline of municipal accounts" (1923). Individual and Corporate Publications. 25.
https://egrove.olemiss.edu/acct_corp/25