A critical analysis of the financial operations of the Military Sea Transport Service under the Navy Industrial Fund.
Ainsworth, Gerald I.
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TT.e Military Sea Transportation Service is one of the largest activities financed by an industrial fund. Its operations under the Navy Industrial Fund have been credited with millions of dollars of savings annually. The accounting theories and concepts underlying the M3TS accounting system are discussed and their contributions to fund accounting n^ted. The objectives of the Navy Indus trial Fund as they pertain to MSTS are developed. Financial data are analyzed and conclusions drawn based on the ability of the Military Sea Transportation Service to meet its stated objectives.