Bookkeeping for Beginners

Bookkeeping for Beginners

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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. 1908 edition. Excerpt: ...4. On January 30, 1896, Edwin Green's books showed the following balances: --Debtors 800, Creditors 400, Capital 700, cash in hand 50, and Stock 250. Open the necessary Ledger accounts and show the following transactions, working through the proper books required: --1896. Fob. 1. Purchased goods from Yale & Co. Sold goods to Dunn & Co 150 Returned goods to Yale & Co 3. Sold goods to Bo bins, Ltd 4. Reoeived from Dunn & Co Robins returned goods 5. Paid Yale & Co. amount owing to him. 6. Goods returned by Dunn & Co 1 11 6 7. Beoeived cheque from Dunn & Co. in settlement of account. Balance Ledger accounts and Cash account. 1. Explain the difference between "Solvent" and "Insolvent." 2. What is Discount, and how many kinds are there? State fully how discount is dealt with, and the different accounts it affects. 3. Explain the system of "Double-Entry," pointing out the advantages of its use. 4. March 1, 1899, John Ely had capital 600. He spent 200 on Stock and transacted the following business during the first week: -- 8. (I. Purchased from Yewlet & Co 30 10 0 Sold to Rotter, Ltd 75 0 0 Beoeived from Botter, Ltd., leas 2J% discount... 20 0 0 Paid Wages 10 15 6 Carriage 496 Purchased from Older & Co 40 10 3 Beturned to Yewlet & Co 10 10 0 Sold goods to Joker, Ltd. 60 16 0 Beoeived cash less 2J% discount from Joker, Ltd.. 15 15 0 6. 1. What do you understand by the following: --Current Account, Audit, Bad Debt, Bank Book? 2. Kale a Postage Book showing six entries of expenditure, having 5s. in hand to start with. 3. Give a list of books a tea merchant would use, and say where items from each book would be...show more

Product details

  • Paperback | 36 pages
  • 189 x 246 x 2mm | 82g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236653009
  • 9781236653000