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March 18, 2026The Accounting Review

Concepts of Income Underlying Accounting.

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Authors

ALA. C. Littleton.

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Implication

This article discusses income concepts in accounting, highlighting implications for financial reporting.

Key Points

  • The article aims to explore the concepts of income as they relate to accounting practices and principles.
  • Discussed historical context of income accounting practices.
  • Analyzed impacts of no-par stock practices on accounting for shares.
  • Examined bookkeeping's role in quantifying profit and expenses.
  • Identified two new accounting practices from the 1920s related to no-par stock.
  • Explained how stated capital replaces full credit to capital stock.
  • Highlighted the role of costs and quantitative measures in managerial policy.

Cite This Study

A. C. Littleton. (1937) studied this question.

synapsesocial.com/papers/69ba43a84e9516ffd37a50e8https://doi.org/10.2308/tar-7076590
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Also Consider

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

  1. 1REFORMULATION OF THE CONCEPTS OF CAPITAL AND INCOME IN ECONOMICS AND ACCOUNTING.1937
  2. 2COMMENTS ON THE STATEMENT OF ACCOUNTING PRINCIPLES.1937
  3. 3CONCEPTS OF CAPITAL AND INCOME.1937
  4. 4SHOULD WE DISCARD THE INCOME CONCEPT?1962
  5. 5CONFLICTING CONCEPTS OF INCOME FOR MANAGERIAL AND FEDERAL INCOME TAX PURPOSES.1958