New Modern Illustrative Bookkeeping: Introductory CourseAmerican Book Company, 1918 - 152 pages |
From inside the book
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Page 14
... difference between the two sides of the account and seeing that this difference is exactly equal to the cash on hand . If a part of the cash is on deposit in the bank , the amount in the bank is added to the cash in the safe , the ...
... difference between the two sides of the account and seeing that this difference is exactly equal to the cash on hand . If a part of the cash is on deposit in the bank , the amount in the bank is added to the cash in the safe , the ...
Page 17
... difference between the two , by mental subtraction if possible , and entering the difference in pencil on the larger side and on a line with the last item . Personal accounts should be balanced at the end of the fiscal period at the ...
... difference between the two , by mental subtraction if possible , and entering the difference in pencil on the larger side and on a line with the last item . Personal accounts should be balanced at the end of the fiscal period at the ...
Page 37
... difference between assets and liabilities represent ? 9 What does one need to know about a particular account in order to handle it intelli gently ? 10 What is meant by the " function " of an account ? 11 What does the term " cash ...
... difference between assets and liabilities represent ? 9 What does one need to know about a particular account in order to handle it intelli gently ? 10 What is meant by the " function " of an account ? 11 What does the term " cash ...
Page 38
... difference between Notes Receivable and Notes Payable ? Give the rule for handling both accounts . 22 What is the difference between a proprietor's net investment and his net worth ? 23 What does the Proprietor's Capital account show ...
... difference between Notes Receivable and Notes Payable ? Give the rule for handling both accounts . 22 What is the difference between a proprietor's net investment and his net worth ? 23 What does the Proprietor's Capital account show ...
Page 44
... difference between the two sides of the trial balance ; this will usually suggest the next step to be taken . 3 If the difference is in round numbers , as ten cents , one dollar , ten dollars , one hundred dollars , etc. , the ...
... difference between the two sides of the trial balance ; this will usually suggest the next step to be taken . 3 If the difference is in round numbers , as ten cents , one dollar , ten dollars , one hundred dollars , etc. , the ...
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Common terms and phrases
30 days 60-day note acceptance Accounts Payable Accounts Receivable Adams Adjusting Entries apply on account April assets Axminster Balance Sheet Bank discounts bill of lading bookkeeping books of original Bought Bros cash book Cash sales check book Check favor closing entries cost credit side creditors debits and credits December 31 deposit double entry drawn EXERCISE Expense Face of note flour at $8 Freight and Cartage furniture and fixtures Henry indorsement Interest on Notes inventory investment invoice January journal entry June June 25 ledger accounts liabilities Loss account Loss Statement merchandise amounting month National Bank note at 30 note due to-day Notes Receivable Office wages original entry personal accounts prepaid Profit and Loss promissory note proprietor purchases journal Real Estate receipt Receive check receive note Received cash record rent salary sales journal Sold Stone & Co transaction trial balance
Popular passages
Page 93 - Received, subject to the classifications and tariffs in effect on the date of the issus of this bill Of lading, at , 191 ... from the property described below, in apparent good order, except as noted (contents and condition of contents of packages unknown...
Page 93 - 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, 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 102 - ... writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay in the United States, at a fixed or determinable future time, a sum certain in dollars to the order of a specified person; and a trade acceptance is defined as a draft or bill of exchange, drawn by the seller on the purchaser of goods sold,2 and accepted by such purchaser.
Page 138 - The difference between the sum of the resources and the sum of the liabilities represents the net investment, or net capital, of the business.
Page 93 - ... the property described below, in apparent good order, except as noted (contents and condition of contents of packages unknown), marked, consigned, and destined as indicated below, which said company...
Page 145 - What are the journalizing rules for personal accounts? (2) (b) Mention two kinds of entries that may appear on the debit side of the proprietor's account. (2) (c) What is the difference in meaning between " draw at sight in 10 days " and " draw at 10 days
Page 93 - ... shipment is to be delivered to the consignee without recourse on the consignor, the consignor shall sign the following statement: The carrier shall not make delivery of this shipment without payment of freight and all other lawful charges. (See Section 7 of conditions.) [signature of consignor] If charges are to be prepaid, write or stamp here, "To Be Prepaid.
Page 19 - A promissory note is a promise in writing to pay a certain sum of money at a definite time.
Page 94 - 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.