Webster's Book-Keeping

Webster's Book-Keeping

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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. 1877 edition. Excerpt: ...be all sold, the difference of the account of Sales of Consignments will exhibit the amount of such sales, being he gross sum owing by you to the employer, and which is accordingly carried to the credit of the Balance account. In such cases this is sufficiently accurate, for what is against the present balance is included in the next. When the sales of consignments monthly are numerous, it will be found very convenient, before journalising, to arrange the respective charges in columns, as on pages 168 and 169, which promotes both accuracy and despatch, and greatly abridges these entries in the Journal and Ledger. In consigning manufacturers' goods for sale to an agent who resides in or near the same place where you reside, the charge on these, when the debts are at your own risk, is seldom more than a small commission for effecting sales and collecting the debts; and which is therefore only noted at the foot of the Account Sales, without being deducted. As such sales are often made to a number of persons in small sums, the clearest method of journalising them is to make the agent Dr. to Goods, particularising each purchaser, when due, and sum, either at his account in the Ledger, or in a memorandum-book, which will enable you to see the debts as they fall due, and consequently direct the agent to collect them. An Account Sale of 30 puncheons Rum, per the "Admiral," from Jamaica, and sold on account and risk of Giles And Groves, Merchants there. Account Sales of 60 hhds. Sugar, per "Alice," from Jamaica, and sold on account of Messrs. Robert Moffat And Co. there. Dr. Sales of 60 hhds. Sugar and 10 tierces Coffee received per Watson, the "Admiral," from Jamaica, on account and risk of Newman, And Co. It is...
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Product details

  • Paperback | 44 pages
  • 189 x 246 x 2mm | 95g
  • United States
  • English
  • black & white illustrations
  • 1236739140
  • 9781236739148