ACCOUNTING
THEORY AND PRACTICE
A TEXT-BOOK FOR COLLEGES AND
SCHOOLS OF BUSINESS ADMINISTRATION
BY
ROY B. KESTER, Ph.D., C. P. A.
PROFESSOR OF ACCOUNTING, SCHOOL OF BUSINESS,
COLUMBIA UNIVERSITY
VOLUME II
(SECOND YEAR)
Twelfth Printing
NEW YORK
THE RONALD PRESS COMPANY
1922
Copyright, 1918, by
The Ronald Press Company
To Nancy
As a Tribute of Love and Tender
Memory to Her Mother