Excerpt from Foreign Exchange in Accounts: Dealing With the Treatment in Accounts of the Foreign Exchange in General, and Showing How the Foreign Accounts Are Amalgamated With the Home Accounts; Organisation; Banking and Other Arrangements, System of Returns and Other Practical Information This little work is the result of various notes made from time to time in practice both at home and abroad upon the treatment and effect of the foreign exchanges in the accounts of undertakings concerned in the working of businesses and concessions in foreign lands and accounting matters generally in relation thereto. Excluding numerous firms and single ventures, the number of companies registered in the British Islands and carrying on businesses abroad with capital subscribed by the British public is enormous and increases year by year, whilst the work of organising and installing systems of account in branch houses abroad, and the audit of the business operations is of undoubted and growing importance. To commercial students, bookkeepers, accountants and others, therefore, a practical acquaintance with the currencies in which the foreign books are kept, the organisation of the accounting, the manner in which transactions are to be advised periodically to the London or registered office, their assimilation with the home accounts, and the drafting of the final accounts, balance sheets and profit and loss accounts, becomes indispensable. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.