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The Elements of Book Keeping, by Single & Double Entry, to Which Is Annexed an Introduction on Merchants Accounts

The Elements of Book Keeping, by Single & Double Entry, to Which Is Annexed an Introduction on Merchants Accounts


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1825 Excerpt: ...proper method, we have introduced examples of consignments on hand at the opening of the books. These accounts being charged with every ouday previous to the former Balance, are afterwards debited for the charges arising from the disposal of the goods, such as Interest and Commission. The difference of the two sides consequently must be the charges remaining unpaid (if any) and the sum for Warehouse or Cellar-rent, and these accounts are closed by transferring the same to the Cr. side of Charges, f This should always be done when any of the Goods on Commission are sold. In the month of September more consignments are received, on which the usual charges at landing are paid, and therefore entered to the Dr. of these respective accounts; but agreeable to a writer above alluded to, who says his "arrangement is according to the approved practice of the first Counting-houses," these would have been carried to the general account of Charges, and consistently enough, with what that account should exhibit, the difference of the two sides at Balancing carried to Profit and Loss. J Agreeable to the practice of the best regulated Counting-houses, we This article of charge is in general not an outlay, as one of the writers above alluded to, invariably makes it. t See month of August, Journal, page 179. % Or granting he had not carried the whole of the balance of this account to Profit and Loss, he must have only supposed that such a part belonged to his employers, and carried the same to Balance Account accordingly. We say supposed, for it would be but guess work to select from the general mass of charges upon the business that proportion for which his employers were accountable. To some his method may appear at first view to be both systematic and correct, b...


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Product Details
  • ISBN-13: 9781231253274
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 46
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1231253274
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 100 gr


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The Elements of Book Keeping, by Single & Double Entry, to Which Is Annexed an Introduction on Merchants Accounts
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