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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 furniture, . :

Net gain, 4,824 69 Bill-book, Cash-book, 2,523 50 325 00 300 00 3,148 50 536 50 172 50 3,857 50 4,824 69 Where the business of a firm is limited, the system of book-keeping by Single- Entry may suffice, but where an extensive business is conducted it is not to be relied on. In establishments where this system is used, errors of omission, of addition and of wrong posting, may and frequently do occur without any means of detection except the tiresome and frequently fallacious method, of a re-examination of the entire set of books by another person. But by Double-Entry when the books are properly kept, no error of any kind can escape without detection, because everything is verified by an infallible rule.

Nevertheless the diligent study of the method of Single-Entry is necessary as a preparatory step towards acquiring a knowledge of Double-Entry. When the learner has well studied what has already been laid down before him, let him pass on to the following pages where he will find the Preceding Transactions registered by Double- Entry.