ABSTRACT
The operating accounts should never include any expenditures for additions and betterments to property, nor should an operating expense be charged up as an addition or betterment. The accounting for elevated roads closely resembles that for surface steam roads. The American Association of Public Accountants have arranged to hold their meetings at the Hotel Waldorf. A committee, of which Commissioner of Accounts Rodney S. Dennis was chairman, made an exhaustive report covering the activities of the society in the interest of the profession during the legislative session. A new organization, intended to include in its membership the certified public accountants of the several States, so soon at least as other States beside New York have made legal provision for the profession is in process of organization. The intimate relation existing between accountancy and credits will cause readers of this magazine to take special interest in whatever credit men do.
