Duff's North American Accountant; Embracing Single and Double Entry Book-Keeping, Practically Adapted to the Inland and Maritime Commerce of the United States. Exemplifying All Modern Improvements in the Science, with a New and Certain Method of Detecting
Duff's North American Accountant; Embracing Single and Double Entry Book-Keeping, Practically Adapted to the Inland and Maritime Commerce of the United States. Exemplifying All Modern Improvements in the Science, with a New and Certain Method of Detecting
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1856 Excerpt: ...how the balance if the interest is found and disposed of. For the Day Book entry of it, see note 5, p. 96. It is put to the debit of our interest column, to close it, and at the same time to Morris' credit. Afterwards the account closes in all respects like his account on the Ledger. As there is no entry in any book to ...
Read More
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1856 Excerpt: ...how the balance if the interest is found and disposed of. For the Day Book entry of it, see note 5, p. 96. It is put to the debit of our interest column, to close it, and at the same time to Morris' credit. Afterwards the account closes in all respects like his account on the Ledger. As there is no entry in any book to show by what process this balance of interest is found, a complete copy of all such accounts must be kept. Large houses always keep an Account Current Book for this purpose. 6. In stating an account current of any kind, always use such words as will express, in the most concise and perspicuous terms, the origin of the transactions, without any regard to the technical expressions used for the same entries in your Ledger. These terms are perfectly correct as private references to other accounts in your Ledger. But those who use them, in making out their accounts, will often make rather amusing exhibitions of trade. For instance, our second debit, June 28, would be, " To Ship Roscoe and owners," which, in common lan guage, would imply that we sold Morris that ship and The Owners! Our entry in thp account shows that the transaction was only for collecting freight for that vessel. Those who desire to become expert at making out accounts of this kind, must persevere in repeating the operation several times from their own books, without assistance from our forms (form II.) Messrs. JOHN TAYLOR & CO., IN ACCT. CURRENT WITH P. DUPF, Dr. Nui'e.--For clearness and brevity there is no better mode of stating a short ncconnt than this. The subtraction of the credits from the debits is made to show the bil inco When the blince is against you, the form has tobe a Utile v.iried, as you se# by Hay s account following.--See p. 103. (form III.) WILL...
Read Less
Add this copy of Duff's North American Accountant; Embracing Single and to cart. $40.00, poor condition, Sold by Business History rated 1.0 out of 5 stars, ships from Erlanger, KY, UNITED STATES, published 1854 by Harper & Brothers.
