The preceding sections of this chapter have aimed to give a broad picture of the objects of drawing up the so-called final accounts, and have indicated how a rationally organised accounting system can facilitate the preparation of final revenue accounts and Balance Sheets. With the broad picture in mind, consideration may now be given to [...]

The final account which were drawn up the end of the year for the boot repairer’s business. It should be noted that a balance sheet as distinct from a profit and loss account does not from part of the double-entry system but is a statement compiled from the capital accounts included in the system. The [...]