Co-operative Accounting, Parts 1-2

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Co-operative league of America, 1920 - Accounting - 15 pages
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Page 17 - ... classification of scientific material. Let us who write about the intricacies of the human psyche, whether in its normal functioning or in its illnesses and conflicts, remember always that in any final analysis it is the human being that matters. Knowledge of disease and its detailed investigation are not ends in themselves, they are only means to an end, namely that the human being may grow and...
Page 16 - ... accounts, and credit it with the gross profit from trading; the difference will be the net profit or loss, which is closed into the proprietor's account; if a partnership, to the partners' accounts, according to their several interests, and, if a corporation, to the surplus account. 42. INTEREST. Charge this account with all interest paid and credit it with all interest received and close into "Profit and Loss Account.
Page 14 - Statement should be made up from the balances of all real accounts. The ordinary asset and liability accounts and a logical classification thereof are shown by Form C. ACCOUNTS AND THEIR EXPLANATIONS. REAL ACCOUNTS. 1. CASH ON HAND AND IN BANK. Charge this account with the total receipts of the month and credit it with the total disbursements as shown by the cash book. The balance should agree with the cash book balance. 2. NOTES RECEIVABLE — TRADE CUSTOMERS. Charge this account with all notes,...

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