Metropolitan System of Bookkeeping: Embracing Theory and Practice of Bookkeeping and Accounting for High Schools, Parochial Schools, Academies and All Other Schools Teaching the SubjectMetropolitan Text Book Company, 1916 - 382 pages |
From inside the book
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Page 18
... capital or ownership accounts . An account with a creditor or with a customer is a personal account whether it records dealings with an individual , a partnership , or a cor- poration . Accounts With Creditors . When goods are bought on ...
... capital or ownership accounts . An account with a creditor or with a customer is a personal account whether it records dealings with an individual , a partnership , or a cor- poration . Accounts With Creditors . When goods are bought on ...
Page 21
... Capital Account . The account kept with the proprietor to show his relation to the business is called the proprietor's account or the cap- ital account . This account is credited for all sums invested by the proprietor . It is debited ...
... Capital Account . The account kept with the proprietor to show his relation to the business is called the proprietor's account or the cap- ital account . This account is credited for all sums invested by the proprietor . It is debited ...
Page 49
... capital liability , a liability to the proprietor for what he left in the business plus the net profit of the business . Most business houses prefer to show the results of the business in two statements , a Statement of Profit and Loss ...
... capital liability , a liability to the proprietor for what he left in the business plus the net profit of the business . Most business houses prefer to show the results of the business in two statements , a Statement of Profit and Loss ...
Page 136
... Capital 8 C. D. Felton Investment On account 2000 2000 375 375 12 F. G. Bishop Inv . of 3d , less 20 % 436 872 427 28 15 F. E. Zahn Inv . of 5th 175 60 175 60 18 W. H. Oliver Inv . of 13th , less 3 % 218 25 655 211 70 Notes Receivable ...
... Capital 8 C. D. Felton Investment On account 2000 2000 375 375 12 F. G. Bishop Inv . of 3d , less 20 % 436 872 427 28 15 F. E. Zahn Inv . of 5th 175 60 175 60 18 W. H. Oliver Inv . of 13th , less 3 % 218 25 655 211 70 Notes Receivable ...
Page 143
... Capital and to H. L. Kline , Capital should be the same . Make a memorandum in the journal recording the employment of JOBBING FURNITURE 143.
... Capital and to H. L. Kline , Capital should be the same . Make a memorandum in the journal recording the employment of JOBBING FURNITURE 143.
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Common terms and phrases
30 days account sales Accounts Payable Accounts Receivable acct amount Assets and Liabilities bill of lading bookkeeper books of entry Bought an invoice capital cash book Cash Payments Cash Receipts Cash sales charge check stub Close collection commission consignee consignment controlling account corporation cost credit side days after date debit and credit debit side Delivery Equipment deposit depreciation dividend drawer drayage entered F. G. Smith freight Furniture and Fixtures indorsement Insurance interest inventory investment journal entry June Kern & Co ledger accounts less discount Mahogany Music Mahogany Parlor Mase Merchandise Discount Milwaukee month N. Y. draft National Exchange Bank note at 30 Notes Payable Notes Receivable Paid payable 60 days personal account Profit and Loss Prove cash purchase book purchase ledger red ink sales book sales ledger selling shipment sight draft Terms transactions transfer
Popular passages
Page 152 - It is mutually agreed as to each carrier of all or any of said property over all or any portion of said route to destination, and as to each party at any time interested in all or any part of said property, that every service to be performed hereunder shall be subject to all the conditions, whether printed or written herein contained (including conditions on back hereof) and which are agreed to by the shipper and accepted for himself and his assigns.
Page 152 - ... to its usual place of delivery at said destination, if on its road, otherwise to deliver to another carrier on the route to said destination. It is mutually agreed, as to each carrier of all or any of said property over all or any portion of said route to destination, and as to each party at any time interested in all or any of said property...
Page 155 - ... agrees to carry to its usual place of delivery at said destination, if on its own road or its own water line, otherwise to deliver to another carrier on the route to said destination.
Page 155 - The surrender of this original order bill of lading properly indorsed shall be required before the delivery of the property. Inspection of property covered by this bill of lading will not be permitted unless provided by law or unless permission is indorsed on this original bill of lading or given in writing by the shipper.
Page 155 - Received, subject to the classifications and tariffs in effect on the date of issue of this original bill of lading, at , 191 — , from , the property described below, in apparent good order...
Page 152 - RECEIVED, subject to the classifications and tariffs in effect on the date of the issue of this Bill of Lading, At 19 From the property described below, in apparent good order, except as noted (contents and condition of contents of packages unknown...
Page 293 - A corporation has been defined as "an association of individuals united for some common purpose and permitted by law to use a common name, and to change its members without dissolution of the association.
Page 94 - A check is a written instrument signed by the depositor, ordering the bank to pay a certain sum of money to the order of a designated person.
Page 65 - A promissory note is an unconditional promise in writing to pay a certain sum of money at a stated time.
Page 211 - The total of the Accounts Receivable column is posted to the credit side of the Accounts Receivable...