The New Bryant and Stratton Common School Book-keeping: Embracing Single and Double Entry, and Adapted to Individual and Class Instruction in Schools and Academies

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Ivison, Blakeman, 1878 - 208 sider
 

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Side 15 - If you do an extensive credit business, a book of consecutive record, giving a plain and simple account of the business as it progresses day by day, will be of essential service; and merchants usually keep a Day Book or " Blotter," as it is sometimes called, in which are entered transactions as they occur.
Side 108 - AN Account Current in commercial usage, is the statement in proper form of a current or running account. It is usually made with a view to settlement and shows the balance due to or from the party to whom it is rendered. When large transactions are conducted on credit it is usual in rendering the Account Current to average the time of payment, so that the balance may be paid without either party losing interest. The various methods of averaging are given in most arithmetical works, and thoroughly...
Side 94 - ... invest an equal amount with each of the former partners, and share equally in gains and losses. The value of unsold merchandise is $5500 ; of Tools and Implements, $750 ; the other resources and liabilities can be ascertained by reference to the appropriate books. Mr. Smith invests : Cash,* — — Bo't of Henry P. Smith, for Cash, a quantity of Pine Lumber amounting to $3500 Paid Workmen, Cash to date, $175.
Side 147 - signifies the systematic arrangement of facts, for the purpose of exhibiting at а view the condition of business. The forms in use are various, according to the necessities of the occasion or the ingenuity of the accountant. Of these the example given on page 141 comprises the most complete and symmetrical of which we have a knowledge. The following explanation will be found serviceable in preparing this sheet for the entries. The method of enforcing the facts will be apparent to any diligent student....
Side 200 - ... 25 and 10 are 35, and 8 are 43, and 20 are 63. and 8 are 71, and 10 are 81, and 9 are 90, and 20 are 110, and 5 are 115, and 20 are 135, and 8 are 143, and 80 are 223, and 3 are 226, and 60 are 286, and 4 are 290 ; the same result as before. By continued practice of this kind the student will soon astonish himself with his own proficiency. Let him practice on two columns, until he becomes thoroughly familiar with the process, and then take three, and four. The necessity of keeping his mind constantly...

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