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
Results 1-5 of 48
Page 6
... usually best to enter the balance on hand at the beginning of the month in the second column of the Cash Receipts , so as to keep the receipts for the month separate from the balance at the beginning of the month . In balancing a two ...
... usually best to enter the balance on hand at the beginning of the month in the second column of the Cash Receipts , so as to keep the receipts for the month separate from the balance at the beginning of the month . In balancing a two ...
Page 13
... usually kept for each of the most important classes of expense . The name of the account , then , indicates the nature of the items to be charged to that account ; as , Rent , Salaries , Fuel and Light , Station- ery , Advertising , etc ...
... usually kept for each of the most important classes of expense . The name of the account , then , indicates the nature of the items to be charged to that account ; as , Rent , Salaries , Fuel and Light , Station- ery , Advertising , etc ...
Page 39
... usually an error in addition or subtraction either in the trial balance or in the ledger . Prove subtraction by addition . Prove addition by adding the reverse way . 3 . The difference may be due to a failure THE TRIAL BALANCE 39.
... usually an error in addition or subtraction either in the trial balance or in the ledger . Prove subtraction by addition . Prove addition by adding the reverse way . 3 . The difference may be due to a failure THE TRIAL BALANCE 39.
Page 43
... usually the larger because the debit side represents sales to him and the credit side represents pay- ments or allowances on goods . It should show an asset . The credit side of a creditor's account is usually the larger because the ...
... usually the larger because the debit side represents sales to him and the credit side represents pay- ments or allowances on goods . It should show an asset . The credit side of a creditor's account is usually the larger because the ...
Page 44
... usually named in such a way as to indicate the nature of the asset or liability . Rule for Nominal Accounts . A nominal account shows a loss if the debit side is the larger and a profit if the credit side is the larger . The expense ...
... usually named in such a way as to indicate the nature of the asset or liability . Rule for Nominal Accounts . A nominal account shows a loss if the debit side is the larger and a profit if the credit side is the larger . The expense ...
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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...