This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 Excerpt: ...checked and prepared for the entries in general books of the company. The organization of the accounting department falls under three main heads--receipts, disbursements, and general accounting. The department of receipts is subdivided into passenger, freight, and miscellaneous revenue, with a division officer in ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 Excerpt: ...checked and prepared for the entries in general books of the company. The organization of the accounting department falls under three main heads--receipts, disbursements, and general accounting. The department of receipts is subdivided into passenger, freight, and miscellaneous revenue, with a division officer in charge of each; disbursement accounts sometimes are subdivided into motive power accounts and maintenance of way accounts. There are two main objects to be attained by any system of railway accounting: first, to safeguard an account for all revenue received and paid out or disbursed; second, to have a complete record of all transactions involving such revenue. Under receipts are classified all earnings from transportation of freight, passengers, mail, express, baggage, milk, and the like, and the system of accounting provides for reports and remittances, which show that all revenue due has been collected by agents, conductors, and others and has been accounted for by the auditors and turned over to the treasurer. All money paid out by the company is likewise shown by receipted voucher or other evidence of payment, giving all details of the nature and amount of the payment, name of payee, and other information, so that a complete history of each separate payment of money is recorded. OOMPTEOLLEK Generally speaking, the comptroller has supervision of all accounts and statistics, and prescribes the system under which they are kept, and he, has the power to enforce such regulations and rules as he may make in maintaining his system of accounting, and to demand from any official or employee such specific information in regard to matters affecting accounting as he may require. He is charged with the duty of furnishing the board of directors with a report...
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