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. 1917 edition. Excerpt: ... (6) Columns for Discount on Purchases and Discount on Notes on the same side of the Cash Book; (c) Columns for Discount on Sales and Cash Sales on the debit side of the Cash Book; (d) Departmental columns in the Sales Book and in the Purchase Book. Controlling Accounts.--The addition of special columns in books of original entry makes possible the keeping of Controlling Accounts. The most common examples of such accounts are Accounts Receivable account and Accounts Payable account. These summary accounts, respectively, displace individual customers' and creditors' accounts in the Ledger. The customers' accounts are then segregated in another book called the Sales Ledger or Customers' Ledger, while the creditors' accounts are kept in the Purchase or Creditors' Ledger. The original Ledger, now much reduced in size, is called the General Ledger. The Trial Balance now refers to the accounts in the General Ledger. It is evident that the task of taking a Trial Balance is greatly simplified because so many fewer accounts are involved. A Schedule of Accounts Receivable is then prepared, consisting of the balances found in the Sales Ledger, and its total must agree with the balance of the Accounts Receivable account shown in the Trial Balance. A similar Schedule of Accounts Payable, made up of all the balances in the Purchase Ledger, is prepared, and it must agree with the balance of the Accounts Payable account of the General Ledger." The Balance Sheet.--In the more elementary part of the text, the student learned how to prepare a Statement of Assets and Liabilities for the purpose of disclosing the net capital of an enterprise. In the present chapter he was shown how to prepare a similar statement, the Balance Sheet. For all practical...
Learning doesn't have to be drudgery, as this exciting tale proves again and again. Younger readers with an interest in history and geography will adore Forests of Maine from author Jacob Abbott. Intrepid adventurer Marco Paul explores Maine and surrounding areas, seamlessly combining fascinating facts and fun adventure.
Forests of Maine Marco Paul's Adventures in Pursuit of Knowledge by Jacob Abbott One summer, Forester and Marco Paul formed a plan for going to Quebec. Marco was very much interested in going to Quebec, as he wanted to see the fortifications. Forester had told him that Quebec was a strongly-fortified city, being a military post of great importance, belonging to the British government. Marco was very much pleased at the idea of seeing the fortifications, and the soldiers that he supposed must be placed there to defend them. We are delighted to publish this classic book as part of our extensive Classic Library collection. Many of the books in our collection have been out of print for decades, and therefore have not been accessible to the general public. The aim of our publishing program is to facilitate rapid access to this vast reservoir of literature, and our view is that this is a significant literary work, which deserves to be brought back into print after many decades. The contents of the vast majority of titles in the Classic Library have been scanned from the original works. To ensure a high quality product, each title has been meticulously hand curated by our staff. Our philosophy has been guided by a desire to provide the reader with a book that is as close as possible to ownership of the original work. We hope that you will enjoy this wonderful classic work, and that for you it becomes an enriching experience.
Jacob Abbott (November 14, 1803 - October 31, 1879) was an American writer of children's books.On November 14, 1803, Abbott was born in Hallowell, Maine. Abbott's father was Jacob Abbott and his mother was Betsey Abbott. Abbott attended the Hallowell Academy. EducationAbbott graduated from Bowdoin College in 1820. Abbott studied at Andover Theological Seminary in 1821, 1822, and 1824. Abbott was tutor in 1824-1825.CareerFrom 1825 to 1829 was professor of mathematics and natural philosophy at Amherst College; was licensed to preach by the Hampshire Association in 1826; founded the Mount Vernon School for Young Ladies in Boston in 1829, and was principal of it in 1829-1833; was pastor of Eliot Congregational Church (which he founded), at Roxbury, Massachusetts in 1834-1835; and was, with his brothers, a founder, and in 1843-1851 a principal of Abbott's Institute, and in 1845-1848 of the Mount Vernon School for Boys, in New York City.