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Home > Business and Economics > Finance and accounting > Accounting > Mayhew's Practical Book-Keeping; Embracing Single and Double Entry, Commercial Calculations, and the Philosophy and Morals of Business
Mayhew's Practical Book-Keeping; Embracing Single and Double Entry, Commercial Calculations, and the Philosophy and Morals of Business

Mayhew's Practical Book-Keeping; Embracing Single and Double Entry, Commercial Calculations, and the Philosophy and Morals of Business


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About the Book

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. 1888 edition. Excerpt: ...and Warehouse is the same as stated in the Inventory, May 1st. (Art. 140.) I wish to determine three things: 1st. In what my Assets and Liabilities consist; 2d. How much I am worth as appears from the Inventory and my Ledger Accounts; and, 3d. Whether I have made or lost money during the three months I have been in trade, and how much. Tor what length of time has this business been conducted? What diiee things do jou wish to determine? GENERAL BOOK-KEEPING. 145. The student should first test the correctness of hw postings and balances for July, (Arts. 142 and 143.) In obtaining the Day Book Drs. and Crs. to June 30th, there was a Dr. excess of $712.63; and there was the same Dr. excess in the Ledger Balances of that date. As this Dr. excess of the Ledger Balances is carried forward and enters into the Balances of July 31st, it becomes necessary to enter the same sum at the left hand, as the Dr. Day Book Balance at the beginning of July. PROOF OF POSTINGS AND BALANCES. Day Book Drs. and Crs., July 31st, 1880. Dr. Sums. Cr. Sums. EXAMPLES FOE PRACTICE. INVENTORY OF PROPERTY IN TRADE. Tuesday, July 31st, 1880. 146. Store and Warehouse, worth $4200.00 Mdse. in Store, per Inventory, ... 3675.00 Cash on hand, per Ledger, ...., 1782.01 Bills Receivable, per Ledger and B. B., 254.60 John Ransom owes me on Account, . 50.30 Total amount of my assets, ... $9961.91 / owe as follows: Bills Payable, per B. B. and Ledger, $202.15... 332.90... 120.22... 84.88... 745.25 S. O. Jenkins, on Account, do. do. do. A. B. Lincoln, Nathan Powers, Henry Smith, Total amount of my Debts, Net Capital, July 31st, 1880, "" May 1st, Have made in Trade, .. $1485.40 $8476.51 8000.00 $476.51 The Inventory of a person's property does not strictly belong to...


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Product Details
  • ISBN-13: 9781155087795
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 54
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1155087798
  • Publisher Date: 12 Oct 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 113 gr


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Mayhew's Practical Book-Keeping; Embracing Single and Double Entry, Commercial Calculations, and the Philosophy and Morals of Business
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