Author : S. Dyer
Publisher : Forgotten Books
Page : 182 pages
File Size : 20,11 MB
Release : 2015-06-24
Category : Business & Economics
ISBN : 9781330078327
Book Description
Excerpt from A Common-Sense Method of Double-Entry Bookkeeping, Vol. 2: On First Principles, as Suggested by De Morgan; Practical Exercise I. From the following Waste Book entries make separate accounts for Richards, Grover, and Prior, balance each, and state clearly whether the customer owes me, or I owe him anything. At the beginning of the quarter I owe Grover £5; Prior owes me £6, Richards £10. Fold a sheet of paper lengthways down the middle. Make out three accounts, one headed Grover, the second headed Prior, the third Richards. Write on the top of the left-hand half Dr., Receiving side; on the top of the right-hand half Cr., Paying-away side. As I owe Grover £5, I write £5 on the Cr. side of his account. The Cr. side is the side in his favour. He has, some time previously, paid away £5 to me, or sent me £5 worth of something, and is my Creditor for £5. As Prior and Richards owe me their amounts, they have received them from me, and must be debited with them. Write "To" before debits, "By" before credits. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.