Miscellaneous Papers

Front Cover
Read Books, 2007 - Fiction - 512 pages
0 Reviews
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ... (6) Columns for Discount on Purchases and Discount on Notes on the same side of the Cash Book; (c) Columns for Discount on Sales and Cash Sales on the debit side of the Cash Book; (d) Departmental columns in the Sales Book and in the Purchase Book. Controlling Accounts.--The addition of special columns in books of original entry makes possible the keeping of Controlling Accounts. The most common examples of such accounts are Accounts Receivable account and Accounts Payable account. These summary accounts, respectively, displace individual customers' and creditors' accounts in the Ledger. The customers' accounts are then segregated in another book called the Sales Ledger or Customers' Ledger, while the creditors' accounts are kept in the Purchase or Creditors' Ledger. The original Ledger, now much reduced in size, is called the General Ledger. The Trial Balance now refers to the accounts in the General Ledger. It is evident that the task of taking a Trial Balance is greatly simplified because so many fewer accounts are involved. A Schedule of Accounts Receivable is then prepared, consisting of the balances found in the Sales Ledger, and its total must agree with the balance of the Accounts Receivable account shown in the Trial Balance. A similar Schedule of Accounts Payable, made up of all the balances in the Purchase Ledger, is prepared, and it must agree with the balance of the Accounts Payable account of the General Ledger." The Balance Sheet.--In the more elementary part of the text, the student learned how to prepare a Statement of Assets and Liabilities for the purpose of disclosing the net capital of an enterprise. In the present chapter he was shown how to prepare a similar statement, the Balance Sheet. For all practical...

What people are saying - Write a review

We haven't found any reviews in the usual places.

Related books

Other editions - View all

References to this book

All Book Search results »

About the author (2007)

Charles Dickens, perhaps the best British novelist of the Victorian era, was born in Portsmouth, Hampshire, England in 1812. His happy early childhood was interrupted when his father was sent to debtors' prison, and young Dickens had to go to work in a factory at age twelve. Later, he took jobs as an office boy and journalist before publishing essays and stories in the 1830s. His first novel, The Pickwick Papers, made him a famous and popular author at the age of twenty-five. Subsequent works were published serially in periodicals and cemented his reputation as a master of colorful characterization, and as a harsh critic of social evils and corrupt institutions. His many books include Oliver Twist, David Copperfield, Bleak House, Great Expectations, A Christmas Carol, and A Tale of Two Cities. Dickens married Catherine Hogarth in 1836, and the couple had nine children before separating in 1858 when he began a long affair with Ellen Ternan, a young actress. Despite the scandal, Dickens remained a public figure, appearing often to read his fiction. He died in 1870, leaving his final novel, The Mystery of Edwin Drood, unfinished.

Bibliographic information