THE USE OF INTEREST AS AN ELEMENT OF COST IN GERMANY IN THE 16TH AND 17TH CENTURIES

Authors
Bursal, Nasuhi
Citation
Bursal, Nasuhi, THE USE OF INTEREST AS AN ELEMENT OF COST IN GERMANY IN THE 16TH AND 17TH CENTURIES, Accounting historians journal , 13(1), 1986, pp. 63-70
Journal title
Accounting historians journal → ACNP
ISSN journal
01484184
Volume
13
Issue
1
Year of publication
1986
Pages
63 - 70
Database
ACNP
SICI code
Abstract
Debate still continues in the United States of America over the inclusion of interest as an element of cost. The practice was accepted as early as 1558 in Germany, and has been integrated into accounting theory by Schmalenbach in this century.