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 ix
... THE PURCHASE AND SALE OF SHARES OF STOCK . 291 291 71 . 72 . THE DIVISION OF A MIXED MERCHANDISE ACCOUNT . ADJUSTMENT OF INTEREST ON PARTNERS ' ACCOUNTS . 291 291 EXERCISE 73 . EXERCISE IN THE USE OF THE STOCKHOLDERS LIST OF EXERCISES ix .
... THE PURCHASE AND SALE OF SHARES OF STOCK . 291 291 71 . 72 . THE DIVISION OF A MIXED MERCHANDISE ACCOUNT . ADJUSTMENT OF INTEREST ON PARTNERS ' ACCOUNTS . 291 291 EXERCISE 73 . EXERCISE IN THE USE OF THE STOCKHOLDERS LIST OF EXERCISES ix .
Page 103
... share profits and losses equally . Make a memorandum of this agreement in the journal . The entries must be made in the cash book . An account must be kept with each part- ner to show his interest in the business . Make an entry in the ...
... share profits and losses equally . Make a memorandum of this agreement in the journal . The entries must be made in the cash book . An account must be kept with each part- ner to show his interest in the business . Make an entry in the ...
Page 109
... share each partner should receive , and what each partner's net worth is . ( See illustration on page 110 ) 9. Make a Statement of Assets and Liabilities . Do not forget that all inventories are assets . The result of this state- ment ...
... share each partner should receive , and what each partner's net worth is . ( See illustration on page 110 ) 9. Make a Statement of Assets and Liabilities . Do not forget that all inventories are assets . The result of this state- ment ...
Page 110
... 31 Mase . 31 Mdse Disc . 9 715 31 Student's Nett . 1 31 R. Parker's .〃 13478 13477 41945 5 41620 31 Interest 9 325 41945 f ) Close each partner's account . Each partner's share. 110 METROPOLITAN SYSTEM OF BOOKKEEPING.
... 31 Mase . 31 Mdse Disc . 9 715 31 Student's Nett . 1 31 R. Parker's .〃 13478 13477 41945 5 41620 31 Interest 9 325 41945 f ) Close each partner's account . Each partner's share. 110 METROPOLITAN SYSTEM OF BOOKKEEPING.
Page 111
... share of the profits must be transferred to his account . Each account is then closed in the same way that an individual proprietor's account is closed . g ) Close the Cash Account . h ) Rule a single line on each side of each account ...
... share of the profits must be transferred to his account . Each account is then closed in the same way that an individual proprietor's account is closed . g ) Close the Cash Account . h ) Rule a single line on each side of each account ...
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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...