Zasady inwentaryzowania i bilansowania w dwudziestoleciu międzywojennym w Polsce – zarys problemu
The balance sheet theory and regulations in Poland in the interwar period

Summary/Abstract: The 1930s represent a very important period in the history of Polish accounting. The concepts, principles and methods of accounting formulated during the interwar period, especially those relating to the balance sheet, are still relevant and are used in present-day accounting practice. The achievements of Polish accounting theorists of that period as well as legal regulation of accounting used at that time have not, as yet, been fully appreciated and properly evaluated. The purpose of this article is to highlight the achieve-ments of Polish accounting theorists of the interwar period in the field of construction of the balance sheet. The first part outlines the state of accounting in Poland in 1918–1939, with a particular focus on the development of the balance sheet theory and elaboration of definitions of commercial bookkeeping and accounting. The next section presents the theoretical foundations for construction of the balance sheet and practical rules of inventorying. Most attention has been devoted to the Commercial Code of 1934, which regulated financial reporting from the legal perspective.

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