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 |
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Page vi
... 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 ...
... 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 ...
Page 11
... debit and a credit . The debit is to the left and the credit to the right . The ruling of each side is the same . The ordinary form of the ledger follows : DATE DEBIT DETAILS FOLIO AMOUNT DATE CREDIT DETAILS FOLIO AMOUNT If the business ...
... debit and a credit . The debit is to the left and the credit to the right . The ruling of each side is the same . The ordinary form of the ledger follows : DATE DEBIT DETAILS FOLIO AMOUNT DATE CREDIT DETAILS FOLIO AMOUNT If the business ...
Page 12
... invoice , the seller is Miller & Tharp and the buyer , Charles Osborn . All merchandise bought , whether cash is paid for it or time is given for payment , is a debit to Merchandise . All 12 METROPOLITAN SYSTEM OF BOOKKEEPING.
... invoice , the seller is Miller & Tharp and the buyer , Charles Osborn . All merchandise bought , whether cash is paid for it or time is given for payment , is a debit to Merchandise . All 12 METROPOLITAN SYSTEM OF BOOKKEEPING.
Page 13
... debit to Merchandise . All merchandise sold whether for cash or on time is a credit to Merchandise . The Merchandise account illustrated here is explanatory and con- tains more details than are necessary in actual practice . 19 ...
... debit to Merchandise . All merchandise sold whether for cash or on time is a credit to Merchandise . The Merchandise account illustrated here is explanatory and con- tains more details than are necessary in actual practice . 19 ...
Page 14
... Of the items on the debit side , the first means that money was paid . out for the use of a room or building . The second , third , fourth , and 19 : Expense 19- 25 - Mar . 15 Coal 14 METROPOLITAN SYSTEM OF BOOKKEEPING PAGE 294.
... Of the items on the debit side , the first means that money was paid . out for the use of a room or building . The second , third , fourth , and 19 : Expense 19- 25 - Mar . 15 Coal 14 METROPOLITAN SYSTEM OF BOOKKEEPING PAGE 294.
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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...