The Fundamentals of Accounting

The Fundamentals of Accounting

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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. 1921 edition. Excerpt: ...a tabular ledger to show for the individual depositors of a bank their daily balances, daily deposits, and daily checks drawn. Enter in the tabular ledger the following: At the close of business on Wednesday, May 22, the balance of A. Oakes is $140, of James Robinson $1,213, am' f Silas Lowell $219.10. On Thursday, May 23, checks of the following were presented for payment: Robinson, $217, $1oo, $763; Lowell, $57.80. On that day Oakes deposited $200. On Friday, May 24, checks were presented for payment as follows: of Oakes, $115, $25; of Robinson, $150, $225, $540.82; of Lowell, $400. Deposits were made by Robinson $2,016.20; by Lowell $238.11. (b) Show how postings for deposits and checks will get into the general ledger. The Voucher System 5. Show on the voucher register and on the cash book all that should show for the following transactions, and show by posting checks what should be posted from each of these books. Jan. 1. Mdse. is purchased as follows: from S. & Co. $500, payable in 10 ds.; from R. & R. $750, payable in 10 ds.; from B. & M. $1,000, payable in one week. Office supplies are purchased from D. & Son for $50, payable in 15 ds. Jan. 8. B. & M. are paid in full. Jan. 11. R. & R. are paid in full. Jan. 16. D. & Son are paid in full. 6. How will you record on the Voucher Register the payment of a bill in part? Private Ledgers 7. Desiring during the year to change your accounting methods so that the general bookkeeper cannot learn the larger and more confidential facts of the business, you establish a private ledger into which are to be taken all items of the general ledger except Purchases, Sales, Accounts Receivable, Accounts Payable, Expenses, and Cash. The general-ledger trial balance at the date set...show more

Product details

  • Paperback | 154 pages
  • 189 x 246 x 8mm | 286g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236536258
  • 9781236536259