Book-Keeping
Mr. John Brown
1890.
Directions for Single
ENTRY.
Narrative of Transaction (Jan Brought goods as follows)
Jan. 4. Brought goods as follows:
Directions for Single (II)
ENTRY.
Directions for Single (ENTRY Feb Sold Robert Swain)
ENTRY. 250.00 Feb. 10. Sold Robert Swain on note at 2 A Draft when accepted becomes a Bill Payable and entered as such. months, 47 5…
Narrative of Transaction (Mar Paid W H Raynor Cash)
Mar. 18. Paid W. H. Raynor, Cash..
Directions for Single (ENTRY Cash-book as before)
ENTRY. 52.25 Cash-book as before. 66.00 Cash-book as before. 118.75 Bills Receivable as before. 70.00 As before. 120.00 Cash-book as…
Bills Payable
Date.
Bills Receivable
Date.
W. S. Dearborn
1892.
A. D. Burrows & Son
1892.
Joseph Kennelly (Jan Folio)
1892. 12500 Jan. 9 Folio 5.
George Fleming
Folio 7. 1892.
W. H. Raynor
100 00 237 50 : 52 25 389 75 1892.
John Gregory
1892.
Geo. H. Brown
200 00 1892.
Test of Accuracy
2,249 90 860 25 Goods bought per Day-book, “ ،، " " ،، 242 14 Total, Goods on hand, 3,352 29 1,472 40 Wages and petty expenses, Office and…
Book-Keeping by Double-Entry
The system of book-keeping by Double-Entry is founded on the principle that every debtor must have a creditor, and every creditor a debtor…
Rules for Journalizing
I.
January, 1892
Cr.
February, 1892
Cr.
W. S. Dearborn (II)
Cr. 1892.
A. D. Burrows & Son (II)
Folio 3.
Joseph Kennelly (Oo Jan Folio)
1892. 125 oo Jan. 9 Folio 5.
Geo. Fleming
1892. 152 40 Jan. 28 “ Cash for Note 00 Mar. 31 Cr.
W. H. Raynor (II)
Folio 8.
H. V. Hollis (II)
Folio 9.
Geo. H. Brown (II)
Cr. 1892.
Bills Payable (II)
Cr. 1892.
Bills Receivable (II)
Folio 15.
Profit and Loss
Folio 17.
Directions for Closing Ledger Accounts
All Personal accounts are closed to or by Balance. Cash account is closed by Balance for Cash on hand. The other Real accounts are closed…