ABSTRACT
Much has been written on Accountancy—assume that the word has been adopted into the English language,—and there has been a wide experience, sufficient one would think to formulate a science; but so far the conflict of opinion and the diversity of methods are so great as to preclude such a consummation. " Tout comprendre est tout pardonner "—or judgment depending on eircuinstanccs as well as facts—is not an inapt illustration of the present ideas of the profession. The following remarks are intended to open a discussion on one well-known question in the profession, with a view to the elucidation of principles tending towards uniformity of practice.
