The American System of Practical Book-Keeping. Exemplified in One Set of Books Kept by Double Entry. To Which Are Added, Forms of the Most Approved ... Exhibiting. The Final Balance of the Leger.

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. 1831 Excerpt: ...him with their patronage in the line of his profession. As lie feels under great obligations to the community at large, this fact has been mentioned as an excitant to young; teachers in thoir u 0 eful, respectableu laborious on.l highly respons!ble profession. Every teacher shcukl hiinsc!f be thoro'ihly qualifiedu before he attempts to ive instruction to others, ami n ore particularly sr in a subject like thisu that is oi such vast importance in the United States, which will, at no very remote period, be the first commercial country in the world. LECTURES. The phrase " Sundries Dr. to Sundries," the word "Sundries," and the preposition "to," which are used ia journalizing after the old plan, and which, fil in necessity, are retained in conversation, and in the following lectures, are all omitted in journalizing after the new plan,.'.swiil be Ski a by inspecting the Journal in this treatise. When, by the language of Book-Keeping, one account or person is m.:de Dr. to am ihcr, as in the case where A. B. is made Dr. to C. D. it is r.ot to be supposed that the former owes the hitter any thin;, but that A. B. is me Dr. and C. D. the Cr. tor a certain amount m your looks; this being the true meaning oI the terms. The teacher should propose and explain the transactions of business, and the pupils journalize them in turn. LECTURE I. What will be your Journal entry--Question I. If you commence business with a capital i Q. 11. If you give in payment for the above, $1000 of $10 000? ' worth of goods, your Note for $500, and Cash $500? Ans! Cash Dr. to Stock, $10,000. A. Merchandise Dr. to Sundries $1000. The Crs. Q. 2. If you should commence with Cash $10,000 are, Merchandise in store $10,000, the Ship Ocean worth; To Bills Payableu for N...