English to Russian Bus/Financial Accounting

In Stapley v Read Bros, Ltd [1924] All ER Rep 421 Russel J examined the Court of Appeal decision in Ammonia Soda Co v Chamberlain [1916-17] All ER Rep 708 and held that profit and loss was not to be treated as a continuous account so that no dividend could be declared out of profits earned in one year until any debit to profit and loss in a previous year had been made good.