Bookkeeping for Modern Business: Advanced Course (Classic Reprint)

Bockkeeping farM odem BimnesS yA dvanced Course, is designed to be an introduction to the more technical phases of bookkeeping, and to follow logically the principles of bookkeeping principles advocated and practiced by modem bookkeepers as explained and illustrated in the elementary course. An attempt has been made to develop the work in such a way as to make no appreciable break between the so-called elementary bookkeeping work and the advanced one. In preparing this text the authors have approached the subject in a manner somewhat different from most texts on advanced bookkeeping. Before attempting the bookkeeping work of a particular business, the book presents a full and complete discussion of the more important and difficult phases of the bookkeeping work. An opportunity, therefore, is afforded for a thorough study of each new principle before it is used in the regular bookkeeping sets. To this end a large number of simple and reasonable exercises have been included, each of which gives an intelligent explanation of some new principle. The same general plan which characterizes the elementary course has been followed in the advanced course. Each new principle is presented in the same clear and concise manner, using, when possible, the ledger account as the basis of all explanation, and thereby illustrating clearly the theory of debit and credit. Some of the more important subjects included here, and not ordinarily illustrated or discussed in texts of this kind are: construction of accoimts; classification of accounts; valuation accoimts; reserve accoimts; divisional profit and loss accounts; controlling accounts; contingent liability; renewal of notes; partial payment of notes; protested notes; goodwill; columnar books; subsidiary ledgers both in bound and loose-leaf form; working form for closing the ledger; turnover; turnover of stock; tencolmnn worki
(Typographical errors above are due to OCR software and don't occur in the book.)