Volume XIII: Business and Private Organizations | Chapter 12a (1972): Law and Accounting in Business Associations
2nd November, 1966.
Detlev F. Vagts
29. In general. – With this subchapter we leave the portions dedicated to providing a general overview of the interrelationship between legal rules and accounting principles. We turn to a review of some basic postulates of accounting thought and seek to find where there is international agreement and where there are cleavages between countries (and sometimes between factions in national professions).1 Secondarily, this subchapte…