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The Effect of the Adoption of the National Currency System on the Keeping of Business Records

Published online by Cambridge University Press:  24 July 2012

Extract

Imagine the consternation and confusion in the American business world if Congress should decide tomorrow that henceforth the dollar would no longer be the basis of our currency, but that a new monetary system with some unit such as the franc or the pound would be adopted. From the standpoint of accounting and business records, there would be a long period of adjustment to the new system. Probably government books would be changed to the new system immediately, but some business enterprises would undoubtedly carry dollars on their records for many months.

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Other
Copyright
Copyright © The President and Fellows of Harvard College 1935

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