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March 18, 2026The Accounting Review

Comments on the Statement of Accounting Principles.

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Authors

TST. H. Sanders

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Overview

Article analyzes accounting principles affecting income determination, highlighting key concepts and distinctions.

Key Points

  • The aim is to clarify the statement of accounting principles related to income determination and its elements.
  • Reviewed the statement of accounting principles published in June 1936.
  • Analyzed key concepts such as earned surplus, capital surplus, and capital.
  • Proposed a structured income statement featuring distinct income stages and adjustments.
  • Highlighted the importance of distinguishing between earnings, surplus, and capital.
  • Emphasized corrections in past accounts should not be categorized with current year's income.
  • Clarified that capital gains and losses should not appear in the income account for any year.

Cite This Study

T. H. Sanders (1937) studied this question.

synapsesocial.com/papers/69ba42bc4e9516ffd37a3531https://doi.org/10.2308/tar-7081210
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1COMMENTS ON THIRD STATEMENT OF ACCOUNTING CONCEPTS AND STANDARDS.1949
  2. 2A CRITIQUE OF THE REVISED STATEMENT OF ACCOUNTING PRINCIPLES.1942
  3. 3THE REVENUE AND INCOME PRINCIPLES.1942
  4. 4SUGGESTIONS FOR THE REVISION OF THE TENTATIVE STATEMENT OF ACCOUNTING PRINCIPLES.1939
  5. 5CONCEPTS OF INCOME UNDERLYING ACCOUNTING.1937