Bookkeeping, Introductory Course And Intermediate Course

Cover Bookkeeping, Introductory Course And Intermediate Course
Bookkeeping, Introductory Course And Intermediate Course
George Washington Miner
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In most wholesale houses cash is understood generally to mean payments that are made within five or ten days from the date of the bill. 2. Wholesale houses would not be justified in quoting the same terms to all customers ; those who buy in large quantities can be given better terms than those who buy in small quantities. As a basis for determining the best possible terms, a customer's ledger account should be consulted. This account is incomplete, not furnishing full information, if the cash s...ales are not entered in the customer's account in the ledger. 3. In some instances a customer, for good business reasons, might call for a statement of all his transactions for a year, and it would be to any dealer's advan- tage to be able to furnish such a statement readily. Cashbook. The cashbook used in this set is designed to illustrate the desirability of using special columns to meet the requirements of certain lines of business. The model cashbook on pages 204 and 205 is self-explanatory.

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