Balancing for Expert Book-Keepers: Second Thousand

Cover Balancing for Expert Book-Keepers: Second Thousand
Balancing for Expert Book-Keepers: Second Thousand
George Pepler Norton
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.12472 7 + 27341 10 9 = .«19813 18 6 72970 6 1 - 39813 18 6 = 33166 6 7 Digitized by Google CHAPTER VII.
The Test Journal.
See Specimen Account E, pages 32, 33.
Sec. 29. The Test Journal is ruled into eight vertical divisions, the use of each being explained by its printed heading.
Column I receives the descriptions, and column 2 the quarterly totals of the several books of entry.
Columns 3 to 8 are used to classify the entries according to the ledgers to which they have been posted.
(Compare s
...ees. 15 and 16).
Sec. 30. On the principles laid down in sec. 9, it is evident that the quarterly grand totals of Test Journal (column 2) should agree with the quarterly grand totals of the Summary (Section iv.) of the Balance Book ; for the Test Journal contains an abstract of the total entries in the books .of entry, and the Balance Book contains an abstract of the total postings to the ledgers.
It follows, also, that when the entries are classified in columns 3 to 8 of the Test Journal, the total of each column of the Test Journal should agree with the total of the corres- ponding section of the Balance Book.


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