Mayhew's Practical Book-keeping Embracing Single and Double Entry: Commercial Calculations and the Philosophy and Morals of Business

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Chase, Nichols and Hill, 1861 - 224 sider
 

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Side 14 - Grammar, which is defined as the art of speaking and writing the English language with propriety and accuracy, is now very generally studied in our common schools. But in order to turn it to the greatest account, its principles should be practically applied, in the school-room, to accounts, and to the ordinary business transactions of life. 11. Much attention is now very, properly paid to Penmanship in our schools. But it should be borne in mind that the great mass of the people employ this art chiefly...
Side 136 - Interest, money being worth 7 per cent. ? or -3-^7- of the face of the note, or the amount named in it, But $1.07 is the amount of $1. for the time before the note becomes due, with interest at the given rate. Now, the present worth of any note not drawing interest will sustain a corresponding relation to its face, whatever may be the rate per cent, at which interest is computed, or the time before the note becomes due. Therefore, 180. To find the present worth of any sum of money payable at a future...
Side 135 - DISCOUNT. 179. DISCOUNT is an allowance made for the payment of a sum of money before it is due. If I give my note to a man for $107, payable in one year, without interest, the present worth of the note is $100 ; for this sum placed at interest for one year at 7 per cent, will amount to $107 at the time the note becomes due. In this case the present worth is...
Side 19 - Whenever one person receives anything from another, which he does not pay for at the time, he is said to go in debt for it, and he is called a Debtor, and, in book-keeping, he is debited for the amount.
Side 132 - Multiply the given number by the rate per cent, expressed decimally, and the product will be the percentage. Or, As 100 per cent, is to the given rate per cent., so is the given basis of percentage to the percentage required. EXAMPLES. 2. What is 15 per cent, of 500 bushels ? Ans. 75bu. 3. What is 20 per cent, of 75cwt ? Ans. 15cwt 4. What is 30 per cent, of 150 tons ? Ans. 45 tons. 5. What is 75 per cent...
Side 128 - Exchange is called the maker or drawer; the person to whom it is addressed, the drawee, and the person to whom or to whose order it is payable is called the payee.
Side 126 - LXXX1. 1. A NOTE is a written promise to pay a certain sum of money, or its value in goods, on demand, that is, when demanded ; or at some future day, and hence, all notes are called promissory notes. 2. A NEGOTIABLE NOTE is one which is made payable to AB, or order. 3. By indorsing a note is understood that the person to whom it is made payable writes his name on the...
Side 4 - AGESILAUS, king of Sparta, being asked, " What things he thought most proper for boys to learn," answered, " Those which they ought to practise when they come to be men.
Side 147 - As the whole stock is to each partner's stock, so is the whole gain or loss to each partner's gain or loss. EXAMPLES FOR PRACTICE.
Side 175 - By journal laws, what you receive Is debtor made to what you give ; Stock for your debts must debtor be, And creditor by property.

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