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. 1904 Excerpt: ... that particular transaction he is Dr. to A, so that in the ledger B's account with A will be debited, and A's account with B will be credited. It is repeating the same illustration to add that where A is the recipient from B, B's account is credited and A's is debited. The ledger thus contains on a uniform system the ...
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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. 1904 Excerpt: ... that particular transaction he is Dr. to A, so that in the ledger B's account with A will be debited, and A's account with B will be credited. It is repeating the same illustration to add that where A is the recipient from B, B's account is credited and A's is debited. The ledger thus contains on a uniform system the whole of the Dr. and Cr. entries, contained in the books, in connection with each separate account; the Dr. and Cr. records being expressed respectively in the appropriate accounts which the ledger comprises. Hence in this volume the whole of the scattered dealings of the year are found registered under their congruous headings; the goods account, for example, containing on the Dr. side the entries of the whole of the goods purchased during the year, that is, their cost, and on the Cr. side a record of the goods which have been sold, that is, the prices realized; while correspondently the cash account exhibits on the Dr. side the whole of the monies obtained from the sale of goods, and on the Cr. side the sum of the payments, --limiting our attention, for To "post" means to make an entry in the Ledger. illustration, to this particular item, --invested in the purchase of goods. If the whole of the Dr. sides of all the accounts in the ledger be added together their total should obviously prove exactly equal to the total of all the credit entries of the several accounts; this comparison is termed a trial balance, and the process is sometimes styled " proving " the ledger; if this equivalence be found to exist the closing or balancing entries can be made in each account (where the totals of the Dr. and Cr. entries of any particular account do not precisely concur), and the statement or balance sheet consequently completed for the...
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Add this copy of Insurance Office Organisation, Management, and Accounts to cart. $63.29, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Palala Press.
