The Accountants' Library Volume 15

The Accountants' Library Volume 15

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ... would be described " S," meaning scrap, or " G," good, in the column for the purpose. The entries in the Material Returns ex Store would be posted to, and priced from, the General Stores Stock Accounts, kept in the Head Office, and the Material Returns (ex Works) would be posted to, and priced from, the Works Stock Accounts (Form No. 47). Stock Accounts.--The following examples show the method of keeping Works Stock Accounts: --In dealing with timber in Stock Accounts, care must be taken to keep all entries of the same nature on one basis, and it will be found usually more satisfactory to treat in cubic feet all hardwoods, planks, flitches, and logs that are likely to be cut up. The debit side would be posted from the Goods Received Book (Form No. 45), and the credit side from the " Returns of Material" (Form No. 46). If, in the Material Returns (cx Works) there are numerous entries charged to a large variety of account numbers, it will probably be advisable, instead of posting direct to Stock Accounts, to first of all make at the end of the w1eek's returns an abstract of the entries, showing the total quantity or weight, and the amount for each distinct item of material distinguishable by its article number, and only post these totals to the Stock Accounts. It may be thought impossible to keep Stock Accounts, say, for timber, but there is nothing0 to prevent this being done with reasonable accuracy. Requisitions should be made out for all that is used, including waste. In the General Ledger separate Stock Accounts would be kept for Car Works Stock and General Stores Stock, and the transfer entries at the end of the year would be obtained as per examples on pages 107-108. Allocating Tradesmen's more

Product details

  • Paperback | 40 pages
  • 189 x 246 x 2mm | 91g
  • United States
  • English
  • black & white illustrations
  • 1236941918
  • 9781236941916