Selections, Chiefly Autobiographical, from the Pamphlets and Letters, with the Tractate on Education and Areopagitic

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Read Books, 2008 - Literary Collections - 212 pages
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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...

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About the author (2008)

John Milton, English scholar and classical poet, is one of the major figures of Western literature. He was born in 1608 into a prosperous London family. By the age of 17, he was proficient in Latin, Greek, and Hebrew. Milton attended Cambridge University, earning a B.A. and an M.A. before secluding himself for five years to read, write and study on his own. It is believed that Milton read evertything that had been published in Latin, Greek, and English. He was considered one of the most educated men of his time. Milton also had a reputation as a radical. After his own wife left him early in their marriage, Milton published an unpopular treatise supporting divorce in the case of incompatibility. Milton was also a vocal supporter of Oliver Cromwell and worked for him. Milton's first work, Lycidas, an elegy on the death of a classmate, was published in 1632, and he had numerous works published in the ensuing years, including Pastoral and Areopagitica. His Christian epic poem, Paradise Lost, which traced humanity's fall from divine grace, appeared in 1667, assuring his place as one of the finest non-dramatic poet of the Renaissance Age. Milton went blind at the age of 43 from the incredible strain he placed on his eyes. Amazingly, Paradise Lost and his other major works, Paradise Regained and Samson Agonistes, were composed after the lost of his sight. These major works were painstakingly and slowly dictated to secretaries. John Milton died in 1674.

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