Law and Accounting (RLE Accounting)

Taylor & Francis

Law and Accounting (RLE Accounting)Pre-1889 British Legal Cases\nAuthor(s): Jean Reid\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138979482, 978-1138979482\nSynopsis\nThis book contains edited versions of thirty British legal cases involving accounting issues decided from [tel]. These cases are a valuable source of information about the development of accounting principles and practices in nineteenth-century Great Britain. The thirty cases show that the court decisions involved a rich variety of accounting issues. In some cases courts upset private contractual stipulations regarding accounting and dividend matters. In others, management was held to have used incorrect principles in computing profits. Whether or not a contract or management decision was upset, the courts often discussed at some length the principles that management should apply in the preparation of balance sheets or income statements. It is therefore obvio.