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How to Do Business by Letter and Training Course in Business English Composition

How to Do Business by Letter and Training Course in Business English Composition


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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. 1908 edition. Excerpt: ... 177 Business Forms The Cash Account Every person, man or woman, ought to keep a cash account, or a simple record of how he spends his money. "Cash" is supposed to be a man who is in debt for the money he receives (since to square himself he must pay it out again Example I. Cash Account. or turn it over as "cash to balance"), and he is given credit for every item he pays out. Mr. Cash, then, whose only line of goods is money, enters in the "debit" column what he receives, and in the credit column what he pays out. Approved as covering the Syllabus outline for the State of Nebraska. Once a week or once a month, or sometimes every day, the account is "balanced." The owner of "Mr. Cash" counts up the money "Mr. Cash" has in his pockets, left after all bills have been paid, and enters it in the "credit" column as "Cash on hand" or "Cash to balance." Then he adds up both columns and should get precisely the same sum. If he doesn't, a mistake has been made, "the books don't balance," and he tries to find out what has been overlooked or incorrectly entered. (See Example 1.) Note. Formerly it was the custom to enter items that were to come in the debit column as "To Cash on hand," "To Carrying papers," and items in the credit column as "By 1 Arithmetic," "By Cash to balance." These words have been dropped in modern bookkeeping as practically useless. The Invoice When goods are sold without the payment for them being made in cash at the time, they are said to be "charged," and an "invoice" or "bill of particulars," commonly called simply a "bill," is given. Example 2. Invoice. In this case our imaginary "Mr. Cash" does not appear at all. He is replaced by a very real "John Jones" or "Alexander Smith." Mr. Jones or Mr. Smith is indebted for the...


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Product Details
  • ISBN-13: 9781150068256
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 54
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1150068256
  • Publisher Date: 12 Oct 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 113 gr

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