The Science of Double-entry Book-keeping: Simplified by the Introduction of an Infallible Rule for Dr. and Cr. ...

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Hogan & Thompson, 1841 - 199 páginas
 

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Página 181 - January, 1799. Ninety days after sight of this our first of exchange, (second, third and fourth of the same tenor and date unpaid.) pay to the order of William Wilson, Esq., the sum of three hundred pounds sterling, for value here received, and place it to account, as advised by Andrew and William Ramsay.
Página 22 - Austen is debtor, because he owes us, we having paid him the amount that we owed him. Bills payable are creditor, because the note to which that name is given, has paid Austen for us, therefore we owe it.
Página 23 - ... conceive, that what is called Dr. must be owing to us, and vice versa. But who does not, after a few trials, abandon this idea, from finding his efforts to make sense of it fruitless ? In fairness however to the author, we give, in his own words, his application of his rule to the above transaction. " Elucidation. — The Sundries are debtor, because they owe us for the amount of value that the hardware has produced ; for the production consists in Lovell and Cash. " Hardware is creditor, because...
Página 18 - THE RULE. Whoever or whatever owes us is Debtor — Whoever or whatever we owe is Creditor.
Página 35 - Nones having been sold, we proceed to close or settle the account that was opened for them. The first object is to obtain the gross amount of sales ; these are exhibited on the creditor side of the account ; for the goods become creditor when we sell them, because they then produce value. Each sum upon the creditor side of the account should be examined in the Day-Book, in order to know...
Página 25 - Cr." and then proceed to enter the amount for which that species of property is debtor, viz., .£8550 ; which is done by writing in the first column, the year and month ; in the second, the day ; in the third, the preface...

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