Symposium on Feminist Theories of Relation in the Shadow of the Law
Bibliographic Citation
12 Wis. L. Rev. 337 (1936-1937)
Abstract
Every one recognizes today that an adequate system of accounting books and records is a sine qua non to the successful operation of any business, whatever it may be. This truth applies as much to the legal profession as it does to any other field of endeavor. Irrespective of how small or large the law office may be, every lawyer or law partnership should keep and maintain adequate and correct books and records of accounts of its business transactions, including accounts of its assets, liabilities, proprietary interest, income, expense, agency and trust and other necessary and proper accounts, based upon generally accepted accounting theory and practice. It should be recognized that the factual knowledge which is facilitated by accounting methods is of value only when it is based upon orthodox and reasonably conservative accounting theory and procedure. It is elementary that as the lawyer enlarges the scope of his practice, as attorneys associate together in larger firms, the more vital does the accounting system become in the successful operation of the law office.
The suggestions which are submitted herewith are based in part upon accounting procedure that is actually being used in the larger law firms today and in part upon generally accepted theory and procedure which ought to be applied to the law office. It should be noted that the suggestions and the forms outlined were designed for general use, and may very easily be modified to fit individual needs.
