Elements of the Theory and Practice of Book-keeping: Based Upon the Principle of Correlative Double Entry, for Schools, Classes, and Private Students |
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Elements of the Theory and Practice of Book-Keeping: Based Upon the ... John Walmsley No preview available - 2016 |
Elements of the Theory and Practice of Book-keeping, Based Upon the ... John Walmsley No preview available - 2023 |
Common terms and phrases
99 Balance b/d A/c Dr A/c receives Acceptance amount Bad Debts Bal/S Balance Sheet Balances A/c Balances Account Bank Dr Bills Payable Bills R'ble Dr Bills Receivable Book-keeping Bought Capital A/c Capital Account Cash 99 Cash A/c Cash at Bank Cash at Office Cash Book Cash Dr chapter Cheque closing Coffee COLLEGE OF PRECEPTORS column Consignment Continuous Methods Creditors Current A/c Cyclic Method debit balance Debtors delivers Depreciation Discount allowed Discount Dr distributed capital Exercise firm given Hope & Co Journal Entries July Ledger A/cs Loss Account Lyon & Co month occur P'ble Paid Wages payment Petty Cash posting practice Premises Profit and Loss Promissory Note Purchases re-opening Rent rule Salaries Sales Sept Service A/cs Service Accounts Sold solution Stock Balance Stock on hand student Sundry A/cs totals Trade Charges Trade Expenses Trading A/c transactions transfer Trial Balance usually
Popular passages
Page 76 - Thirty days after sight of this first of exchange (second and third of the same tenor and date unpaid) pay...
Page 235 - December, 1903, at a value of £12,826, and the books balanced and closed. After making the following adjustments prepare a Trading Account, Profit and Loss Account and Balance Sheet from the Trial Balance set out below : — ADJUSTMENTS. 1. Depreciation on machinery and plant at 10 %. 2. Provision for bad and doubtful debts at 5 %. 3. ,£50 of the Fire Insurance premiums to be carried forward to next year.
Page 200 - system. Paid manager's salary for the month, £30 . Drew cheque £68 3s. 7d. for wages, and paid the same. Nov. 5. Received cheque £10 from Parker & Co. (on account). Bought oil and other stores from Slippery & Co. for £4 10s. 6. Paid Sharp & Co. cheque £21 for legal chargrs.
Page 238 - It had power to issue £15,000 mortgage debentures of £100 each, bearing interest of 4 per cent, per annum. It took over on that date an existing engineering business and commenced manufacturing. Stock was taken and the books balanced, and accounts prepared annually; and at the close of 1904 stock was taken and valued at £14,250. The following adjustments were necessary before closing the accounts : (a) Depreciation to be written off plant and machinery at the rate of 10 per cent., and off Patents...
Page 201 - Feb., 1904 ; bring down the balances and extract a Trial Balance. NB— No Profit and Loss Account or Balance Sheet to b* prepared.
Page 198 - Sales for the week amounted to £11 16s. 2d. „ 18. — Drew cheque for £10 for private purposes. All moneys received were paid into the Bank and (unless otherwise stated) all payments were made by cheque. Pass the above transactions through the proper books to the Ledger. Balance the accounts as on 18th Feb., 1904 ; bring down the balances and extract a Trial Balance.
Page 203 - December, 1902 ; bring down the balances, and extract a Trial Balance. NB— No Profit and Loss Account or Balance Sheet to be raised.
Page 238 - Bieter.—The corporation of the City of Exeter issued in November, 1878, £140,000 debentures of £100 each, bearing interest at 4 per cent, per annum, payable by coupon halfyearly in London and Exeter on 1st January and 1st July. After the end of five years the principal is to be repaid in instalments by drawings at par, and so again at the end of each future five years, until the whole loan be discharged within a period of 65 years. The loan was...
Page 200 - Nov. 21, 1903. All moneys received were paid into the Bank, and (except where stated) all payments made by cheque. 1903. Oct. 14. Drew and cashed cheque (for Petty Cash) for £20 . 16. Bought machinery from Gray & Co. for £45. Gave them his Acceptance, at one month, which was duly honoured. 19. Sold G. Hill 3,500 slates at £7 8s. per 1,000. Bought 2 cwt. of drills from Sheffield Steel Co., Ltd., at £20 per ton. 21. Paid rates, £6 10s. 4d. 23. Sold Parker & Co. 1,600 slates at £7 4s. 2d. per...
Page 242 - The Capital of the Company is £80,000, divided into 30,000 £5-% Cumulative Preference Shares of £1 each and 50,000 Ordinary Shares of £1 each. The whole of the Preference Shares and 40,000 of the Ordinary Shares have been issued. The Preference Shares are fully paid and 15s. per share has been called up on the Ordinary Shares. The dividends upon the Preference Shares are payable 1st April and 1st October. Mortgages at 4% per annum . . £10,000...