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The Origins and Evolution of the Double Account System: An Example of Accounting Innovation
Author(s) -
EDWARDS JOHN RICHARD
Publication year - 1985
Publication title -
abacus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.632
H-Index - 45
eISSN - 1467-6281
pISSN - 0001-3072
DOI - 10.1111/j.1467-6281.1985.tb00110.x
Subject(s) - subdivision , balance sheet , publication , balance (ability) , revenue , economics , accounting , capital (architecture) , capital account , business , monetary economics , geography , archaeology , advertising , physical medicine and rehabilitation , medicine
The distinguishing characteristic of the double account system is the subdivision of the conventional balance sheet into a capital account and a revenue account, and it is the purpose of this paper to explain why it became the practice of railway companies to publish accounts in this form.