Factory accounts, their principles and practie; a handbook for accountants and manufacturers with appendices on the nomenclature of machine details ... of factories fire and boiler insurance, etc

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. 1912 Excerpt: ...on survey sheets, of which Specimen No. 50 shows a ruling that will be applicable to most trades. These sheets should be so arranged as to admit of comparison with the corresponding accounts in the Ledgers. If the system suggested in these pages be adopted, the result of the surveys would show an agreement Agreement,... ofsurvey between the number and weights or measureresults. ments of the articles according to the inventories and those standing as balances in the Ledger, and also between the aggregate money value of the articles and the balances of the respective accounts in the Commercial Ledger. It is desirable that the Ledger Balance and the Survey Sheet totals should be tabulated for comparison in detail, so that excess or deficiency in any particular item may be noted, and any undue discrepancy in excess of the margin of error in waste or weight be inquired into. Where this has not been corrected by scale adjustment or individual weighings, a comparative statement of excess and deficiency under various headings is often useful as revealing any defects in ledger-posting classification. According to the system just described the surveys would theoretically be divided between three main departments. The storekeeper would be responsible for the store of raw and old material and such articles, other than manufactured commodities and plant, as may for the time be in his charge. The next division would be that of the warehouseman, who would stock. ave t'ie custody of the stock of manufactured goods; and the third division would only exist where the system of registration of plant described in the chapter on Fixed Capital had been adopted, and would comprise all fixed and loose plant and tools. As has already been pointed out, however, there Plant. is no obj...