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ACCOUNTING PRACTICE IN FRANCE DURING THE PERIOD OF MONETARY INFLATION (1919-1927).
- Source :
- Accounting Review; Mar1931, Vol. 6 Issue 1, p1, 32p
- Publication Year :
- 1931
-
Abstract
- During and after the first World War, France, like many other belligerents, failed to meet her current budgetary expenditure from the revenues arising from taxation. The result of the inflation created many problems for the business man. Depending upon the attitude one holds with reference to the quantity theory of money, inflation either created these problems through its effect in bringing about a very rapid increase in prices, or these problems, created by other economic processes, than by action on prices, finally resulted in a marked increase in prices. French accounting theoreticians had the advantage of the earlier German experience and some of the new accounting methods proposed were but adaptations of German inflation accounting theory and practice. The elaboration of these methods by both French and German accounting theorist constitutes a definite contribution to general accounting theory. An understanding of the principles involved may help in settling some of the controverted questions of principle which attract the attention of accountants.
- Subjects :
- ACCOUNTING
ECONOMICS
PRICE inflation
WORLD War I
PRICE level changes
REVENUE
TAXATION
Subjects
Details
- Language :
- English
- ISSN :
- 00014826
- Volume :
- 6
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Accounting Review
- Publication Type :
- Academic Journal
- Accession number :
- 8593945