Whatever difficulty the average pupil has had in the use of the cash book has been because he has been taught entries that he must unlearn when he begins the use of the cash book. The author makes no apology for minimizing the journal as a book of entry. To spend weeks and months learning how to make entries in the journal that are rarely entered in it in modern systems of accounts, is wasted time. Sufficient exercises and transactions are given in the use of the journal to give an understanding of the principles of debit and credit. In developing the subject, the author has constantly kept in mind the principles of accounting. But in doing this he has also recognized the fact that, while the principles of bookkeeping must conform with those of accounting, they must be gradually unfolded. To plunge the pupil into the details of the most advanced accounting methods and practice in his beginning work, is to give him something entirely beyond his mental grasp. The author has also recognized the fact that the very best accountants differ in practice in reference to certain subjects and in the use of certain forms. The author has taken advantage of this fact in the advanced work by illustrating different methods of treating some of these points. No catch problems nor transactions have been given. If a subject is too difficult to be explained according to the principles of accounting, it is omitted until the pupil can grasp it, rather than to present it in an incorrect way. In the preparation of the text and of the business papers, business men, accountants, and teachers have rendered valuable assistance. To all of these, the author is greatly indebted. THE AUTHOR. 7. CREDITORS' AND CUSTOMERS' LEDGER ACCOUNTS. 8. ANALYSIS OF TRIAL BALANCE, SET I. 9. ANALYSIS OF TRIAL BALANCE, SET II.. 10. TO FIND THE PROFIT OR LOSS ON MERCHANDISE. 11. REVIEW EXERCISE IN JOURNALIZING, POSTING AND TAKING A TRIAL ..304 ..314 .320 329 ..350 ..359 .373 .377 i, xvi xvii 18. EXERCISE IN JOURNALIZING NOTES RECEIVABLE AND NOTES PAYABLE 19. EXERCISE IN PAYING NOTES RECEIVABLE AND NOTES PAYABLE............... PROBLEMS IN FINDING THE PER CENT OF PROFIT AND THE PER CENT OF THE COST OF DOING BUSINESS ON THE SALES. JOURNAL ENTRIES TO CLOSE THE BOOKS OF SET VII, OCTOBER.. 64. JOURNAL ENTRIES TO CLOSE THE BOOKS OF SET VII, NOVEMBER. 78-80. ENTRIES TO CLOSE THE BOOKS OF A PARTNERSHIP AND OPEN THE 311 81. 82-87. ENTRIES FOR THE PURCHASE OF A CORPORATION BY A CORPORATION . 313 348 88. MANUFACTURING, SELLING, AND PROFIT AND LOSS STATEMENTS 371 97. EXERCISE IN MAKING A TRIAL BALANCE FROM A LIST OF ACCOUNTS 380 A-B. STATEMENT FOR SINGLE ENTRY AND ENTRIES TO CHANGE FROM SINGLE TO DOUBLE ENTRY.. .APP. XV C. REVIEW EXERCISE... APP. XVI |