Book Description

Excerpt from Elementary and Practical Treatise on Book-Keeping: Prepared to Serve as a Self-Educator Book-keeping is the art of recording one's business transactions in a series of books prepared for such records. There are two methods of book-keeping. One method is by single entry, and the other by double entry. Single entry book-keeping Is the first subject under consideration. In single entry book-keep ing three principal books are required, viz: Day Book, Ledger and Cash Book. The number and character of the other books required, depend upon the nature of the business pursued. The principal of these are the Bill Book, the Invoice Book and Sales Book. Financial results In book-keeping are sought and attained mainly through debit and credit. Hence the theory of single entry book-keeping in common with the science of double entry hinges on debit and credit. The next thing m order then, 18 to define debit and credit, to explain and apply the principles involved therein to the work In hand. 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.