20th Century Bookkeeping and Accounting: A Treatise on the Principles of Accounting and Bookkeeping Practice Applied by Modern Bookkeepers and AccountantsSouth-Western Publishing Company, 1922 - 384 pages |
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Common terms and phrases
account credited account is debited Account shows Accounts Payable Accounts Receivable adjusting entries amount apply on account Balance Sheet bill of lading book of original bookkeeper branch store Bros Brown Bros Capital account cash book cash sales City consignee consignment controlling account corporation creditor debit side debits and credits December 31 deduction Delivery Equipment discount draft Expense account explained fiscal period fixed assets freight full of account Illustration income invested Item journal form liabilities Loss account merchandise sold National Bank Notes Payable Notes Receivable Office Equipment Office Supplies operations original entry paid par value partner partnership payment Profit and Loss proprietorship Purchases account purchases journal receipts Recording Transactions Reserve for Depreciation Sales account sales invoice sales journal Schedule Selling Expense shares shown Statement of Profit stockholders Store Fixtures subscribed taxable period Treasury Stock Trial Balance voucher
Popular passages
Page 140 - That every partnership shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowed by this title, and shall include in the return the names and addresses of the individuals who would be entitled to share in the net income if distributed and the amount of the distributive share of each individual. The return shall be sworn to by any one of the partners.
Page 255 - personal service corporation' means a corporation whose income is to be ascribed primarily to the activities of the principal owners or stockholders...
Page 199 - 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...
Page 255 - ... regularly engaged in the active conduct of the affairs of the corporation and in which capital (whether invested or borrowed) is not a material income-producing factor; but does not include any foreign corporation, nor any corporation 50 per centum or more of whose gross income consists either (1...
Page 171 - Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction.
Page 193 - 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), marked, consigned, and destined as indicated below...
Page 199 - ... 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...
Page 373 - In cases where receivers, trustees in bankruptcy, or assignees are operating the property or business of corporations, such receivers, trustees...
Page 120 - ... 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...
Page 251 - The general powers of said corporation are, to powers. Y j i_ i ; v sue and be sued by the corporate name ; to have and use a common seal, which it may alter at pleasure; if no common seal, then the signature of the name of the corporation by any duly authorized officer shall be legal and binding; to purchase and hold, or receive by...