| Show Public Accountancy The fhe difference ing ing bookkeeping and y has recently been very clearly state I in an address by George S Jones e ore Rotary Club organizations in I He lie pre pre- pre faced prefaced his remarks the statement that accounting nay lay be defined denned in a the of oC busi- busi business business busi business general wa way as t f e record a ness and is thus distinguished from bookkeeping which h may be called a record of oC ions Public g f is more or less of ofa ofa ofa mystery t to b men of or the a class who keep their books booles on the back of an nn envelope lope and run their cash through c checking cl ecking accounts and w s bills hills in in their c coats at 11 1 Jones was form formerly or pants pockets Iu w erly one of the in in accounting I and income tax work in connection with the corporation corpo audit unit in Washington fro fron n n which place he heI I internal graduated into a position as revenue agent i iri the South and from that he branched branche out into the private fromI I practice of his if profession He ha has performed a pu public lie service in classi- classi classifying classifying classi classifying some sonic of the he common misinterpretations misinterpretations prat of th income tax laws lie He has answered a JhC that has been uppermost in t tic e c minds of tho thousands of business inch me i in showing how in inthe inthe inthe the business of buying and selling seJling th the income tax law s so framed as to per per per- perit it- it nn nt between a fat and a lean rc year r so s so that profit loss in certain case cases case may be extended I over o a period o 0 three years I The reading af f Mr 11 Joness Jones's state state-I state state- statement state state-ment ment furnishes ery conclusive ve that a which involves the I making ofa of a d di income tax re- re report report re report I port covering t of an ex- ex extensive ex extensive and and via a vat cd d nature call caIl for I eX-I the services of an That is why in recent year public I has increased I i favor and the num num- number num- num number number ber of people a ci in it i multiplied very rapidly I |
