Book Keeping By Single And Double Entry With An Appendix Containing Explanatio

Cover Book Keeping By Single And Double Entry With An Appendix Containing Explanatio
Book Keeping By Single And Double Entry With An Appendix Containing Explanatio
W Inglis
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Of an account to be opened under the head of " Trade Expenses, " using the words, "To Cash Salaries, " &c.
Cash on Hand Bills Payable.
Expense: 150 35 SECOND POSTING.
Discount, Cr. By Amount allowed by Sundries..
Cash, Cr. By Amount paid to Sundries Viz. Sum-total above 4575 Deduct Cash on hajid 8 19 The Cash on hand requires to be deducted, as above, from the summation of the cash columns.
2517 4546 819 4575 2517 4566 90 BOOK-KEEPING.
POSTING THE BILL-BOOK. FIRST POSTING. Bills Receivable are
...posted to the Cr. Of the person from whom they have been received, the same as in Single Entry. Bills Payable to the Dr. Of the persons to whom they have been granted.
SECOND POSTING.
Bills Eeceivable. Add at the end of every month the amount of bills received, and post the sum -total to the Dr. Of an account to be opened under the head of " Bills Receivable, " using the words, " To Amount received from Sundries, " or more briefly, '* To Sundries. " Bills Payable. Add at the end of every month the amount of bills granted, and post the sum -total to the Or.


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