Abstract The article focuses on the cost approach in accounting. The use of the cost approach was not an attempt to teach cost finding but rather to introduce the students to the subject through the use of simple logic of the interrelation of the main accounts of factory bookkeeping. In other methods of approach the student is too often told to do it this way, if the student can only be taught to understand as he goes along the advanced work in the subject will be more easily grasped. After the student thoroughly understood the elementary definitions, work was started on actual manufacturing. In presenting the books of original entry, no new problems were used. The class it worked the old problems which eliminated the need for analysis of transactions and still give them a review of all that had been covered before. The reasoning back of such a plan is ideal, but in actual practice it was not as successful as had been anticipated. Selling and administrative expenses were presented alter the books of original entry.
R. H. Eaton (Fri,) studied this question.