ABSTRACT
The accountant, like the lawyer and the doctor, becomes the repository of various confidential facts, the making known of which to the public would be of serious embarrassment, if not of actual injury, to the interests of his client. Very little can be obtained from a witness that is of the nature of what an accountant would consider the betrayal of a confidential communication. American accountants and some business men as well, have for a long time past been in the habit of reverently respecting English precedents. The differentiation of American from English accounting is something in which every accountant is deeply interested. One of the hard problems which confront the bookkeeper is the handling of small accounts, accounts which are of so transient a nature that to enter them on the regular ledger hardly pays. The bank, on its part, expects the account to be a reasonably live one, and that deposits and withdrawals are made with frequency.
