The Science of Double-Entry Book-Keeping, Simplified ...: To Which Is Added Important Rules, Tables and Supplementary Matter to Aid the Accountant in Every Emergency
The Science of Double-Entry Book-Keeping, Simplified ...: To Which Is Added Important Rules, Tables and Supplementary Matter to Aid the Accountant in Every Emergency
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. 1840 Excerpt: ...if not found by an omission of checking, a second course of checking must be adopted. The error in question, has arisen from the journal entry of Aug. 5. "Cash Dr. to Cigars"--on referring to the leger, it will be seen that Cash is changed with the amount--but a counter entry was neglected--that is, Cisrars did not ...
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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. 1840 Excerpt: ...if not found by an omission of checking, a second course of checking must be adopted. The error in question, has arisen from the journal entry of Aug. 5. "Cash Dr. to Cigars"--on referring to the leger, it will be seen that Cash is changed with the amount--but a counter entry was neglected--that is, Cisrars did not receive credit for the amount. We have omitted showing check marks in the series, although they should not be omitted by the student, as in the preliminary examples. There are some accountants in the practice of making counter entries in the leger, direct, to correct an error, something like the following illustration: To Cash, $50 00 By Error. $50 00 Cash, 50 00 The example is intended to imply that an individual had paid $50 on account, and that it was posted to the debtor side of his account, and has been corrected by balancing the $50 "By Error," and then making the proper entry, "By Cash," $50. This mode of correction is too indefinite; besides, it breaks up the foundation of the science, as it destroys the arrangement for proof of the validity of the leger entries. When an error occurs in posting, it should be minutely entered in the day-book, and the amount extended, journalized and posted, with as much precision, and in a similar manner as any business transaction. Wc subjoin the following forms of entries for the correction of errors, which are generally applicable with some slight alterations. EXAMPLE I. Had Paul Jones' credit of $15 been posted to the credit of John Walch, the day book entry for the correction, would stand thus: EXAMPLE II. When an omission occurs, as in the case of Cigars, it should not be noticed in the day book, but immediately supplied by a direct entry, as in the regular cours...
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Add this copy of The Science of Double-Entry Book-Keeping, Simplified... to cart. $55.02, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2012 by Nabu Press.
