Bryant and Stratton's Common School Bookkeeping

Bryant and Stratton's Common School Bookkeeping

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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. 1862 edition. Excerpt: ...facts having no object in common." "And yet, these very authors, widely as they differ in the methods used to enforce the truths of science, would not differ in the least as to the truths themselves, when applied to the purposes of obtaining the-grand result of any series or combination of transactions involving financial interests. In whatever theory we may advance, therefore, we have no desire to underrate the honest convictions of any one who has made himself master of the subject, or to substitute our reasoning for his. The question as to the best methods of presenting a truth is purely professional. The main object of every teacher should be the attainment of truth, by whatever method. We believe that every student who will thoroughly familiarize himself with the seven principles which follow, will have no difficulty in deciding upon the proper debits and credits involved in any business record which he may be called upon to make: PRINCIPLES. 1.--Hie Proprietor.!5The person or persons investing in the business should be credited, under some title, for all such investments, and also for his or their share of the gain; on the other hand, he or they should be debited for all liabilities assumed by the concern for him or them, for all sums withdrawn from the business by him or them, and for such loss as he or they are entitled to share. 2.--Gash. sa Cash account should be debited for all cash receipts, and credited for all cash disbursements. 3.--Merchandise. 40 Merchandise, and all species of property, bought upon speculalation, should be debited, under some appropriate head, for the cost of the property represented, and credited with its proceeds. 4.--Pills Receivable. 41 Bills Receivable account should be debited with other...show more

Product details

  • Paperback | 26 pages
  • 189 x 246 x 1mm | 68g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236830156
  • 9781236830159