Download or read book The Principles of Modern Bookkeeping written by W. R. Hamilton and published by . This book was released on 1912 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 20th Century Bookkeeping and Accounting written by James W. Baker and published by Forgotten Books. This book was released on 2017-12-23 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from 20th Century Bookkeeping and Accounting: A Treatise on Modern Bookkeeping, Accounting, and Business Customs, as Illustrated in the "Business Transactions" Which Accompany This Text The successful business man should know that a profit will result from the transactions in connection with his business before they are completed. To deter mine this he should have such information as will show the detailed operating cost, ' the profit from trading or other Operations, the net profit for each fiscal period, its source, and the increase or decrease over previous periods. A report concerning the failure or suspension of a business, accompanied with the statement that the creditors will not know what percentage of their claim may be collected until the experts have audited the books, indicates that the manage ment did not have all the facts available in connection with the business. Such a statement is so common in the newspaper announcement of failures that it sug gests a connection between accounting and success. If these conditions are to be improved, it is necessary to teach the correct principles of accounting and the best practice in applying them. The bookkeeping student of to-day is the bookkeeper or business man of to-morrow. If he has a knowledge of the correct principles, as bookkeeper, he will apply them, or, as manager, he will see that they are applied by the bookkeeper. The purpose of this text is to present the correct principles of bookkeeping and accounting, - principles advocated and practiced by modern bookkeepers and accountants. The information upon which it is based was obtained from standard authorities on accounting and from consultations with practicing book keepers and accountants. The text is prepared primarily for the student and not for the practicing book keeper or accountant. The presentation permits the beginner to master first the simple principles of accounting as applied in a small business. When he understands these, he can then appreciate the more complicated principles of accounting necessary in recording the transactions for a business of extensive operations. A study of the text would result in only a theoretical knowledge of the subject. Practice is necessary in applying the principles. This practice is provided in the sets that accompany the text. Each set has its outline of accounts based on the nature of the business and the number of transactions in connection therewith. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Modern Bookkeeping Accounting and Business Practice Classic Reprint written by S. Irving Strayer and published by Forgotten Books. This book was released on 2018-02-21 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Modern Bookkeeping Accounting and Business Practice In order that the student may easily and quickly acquire a practical working knowledge of Double Entry Bookkeeping, he is taught the principles in the following order: First. How to keep the Cash Book;-when to debit cash, when to credit cash, what explana tions to use; how to balance cash daily, how to open and keep a bank account, and how to reconcile the bank balance. Second. When to debit and when to credit Personal accounts, Property accounts, Expense accounts, and the principle of Double Entry Bookkeeping. Third. How to keep the Journal; what to enter in the Journal and what in the Cash Book; how to Post; how to take a Trial Balance; the proper forms of Bills or Invoices and Statements; the importance of Collections and how to make them. Fourth. How to Open a New Set of Books and how to keep Stock accounts. Fifth. How to keep Private accounts; the Loss and Gain account; how to make up a Six Column Statement; and how to Close a Set of Books. Sixth. About Notes and Drafts; how to keep a Bills Receivable account and a Bills Payable account; how to keep the Bill Book; how to keep an Interest and Discount account. Seventh. About the indexing of the Ledger, the arrangement of accounts in the Ledger, the use of a General Ledger, a Sales Ledger and a Purchase Ledger. Eighth. About the use of Columnar Books; the use of a Sales Book, an Invoice Book, and a Petty Cash Book. Ninth. About the subdivision of the Merchandise account - the Merchandise Purchases account; the Cash Discount on Purchases account; the Purchases Returned account; the Freight Inward account; the Merchandise Sales account; the Cash Discount on Sales account; the Sales Returned account and the Freight Outward account. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book 20th Century Bookkeeping and Accounting written by James William Baker and published by Forgotten Books. This book was released on 2017-10-28 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from 20th Century Bookkeeping and Accounting: A Treatise on Modern Bookkeeping, Accounting, and Business Customs, as Illustrated in the "Business Transactions" Which Accompany This Work The third set is intended to teach the principles of corporation bookkeeping, the special accounts required in a corporation set of books, special ruling in all books of original entry, special or con trolling accounts, the modern form of the cash journal and the advantage of loose leaf books. By transactions in the work and supplementary exercises, he is taught the correct entry to make when two corporations consolidate and the stock of one is issued to stockholders of the other in payment for the stock they hold. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book The Principles of Modern Bookkeeping written by W. R. Hamilton and published by Forgotten Books. This book was released on 2015-06-05 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Principles of Modern Bookkeeping The keeping of books of account is generally considered as a means to an end, rather than as an end in itself - a means to the proper ascertainment of the position of the business concerned in relation to its various affairs, so far as this can be shown by figures From this point of view the shorter the means adopted to secure a result the better. Bookkeeping to-day is not what it was fifty or a hundred years ago, as it has been affected by the general desire to shorten labour The result is that, although good modern bookkeeping is much more efficient than the bookkeeping of a bygone age, yet the very brevity which is its advantage is apt to obscure the principles upon which it is founded. But though to the owner of a business the keeping of books is only a means to an end, yet to the bookkeeper or to the accountant, books are the tools with which he works, and he needs therefore to have complete familiarity with them - a familiarity which can only be attained when he has so grasped the principle on which they are kept as to be able to apply it to every conceivable transaction. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Principles of Double Entry Bookkeeping Classic Reprint written by Charles M. van Cleve and published by Forgotten Books. This book was released on 2017-09-18 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Principles of Double-Entry Bookkeeping What I claim for the book is that it solves the problem of placing double-entry bookkeeping upon a rational basis; and to the best of my knowledge and belief it presents the first and only solution of that problem. It is one of the strangest things in the history of the arts and sciences that this great system of accounting, which, by reason of its compactness and convenience, has come into almost universal use, should have attained so high a degree of development on the practical side, while on the theoretical side it is and always has been in a state of utter confusion. As a rule, the study of a useful art has a certain value as mental discipline; the art of accounting is the one exception to the rule. Aside from the so-called occult sciences, there is nothing which so tends to bewilder the mind and to dull the faculty of reason as the study of double-entry bookkeeping in the form in which it is customary to present it. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book 20th Century Bookkeeping and Accounting written by James William Baker and published by Forgotten Books. This book was released on 2017-10-11 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from 20th Century Bookkeeping and Accounting: A Treatise on the Principles of Accounting and Bookkeeping Practice Applied by Modern Bookkeepers and Accountants The successful business man should know that a profit will result from the transactions in connection with his business before they are completed. To deter mine this he should have such information as will show the detailed operating cost, the profit from trading or other operations, the net profit for each fiscal period, its source, and the increase or decrease over previous periods. A report concerning the failure or suspension of a business, accompanied by the statement that the creditors will not know What percentage Of their claim may be collected until the experts have audited the books, indicates that the manage ment did not have all the facts available in connection with the business. Such a statement is so common in the newspaper announcement of failures that it sug gests a connection between accounting and success. If these conditions are to be improved, it is necessary to teach the correct principles of accounting and the best practice in applying them. The bookkeeping student of today is the bookkeeper or business man Of tomorrow. If he has a knowledge Of the correct principles, as bookkeeper he will apply them, or, as manager, he will see that they are applied by the bookkeeper. The purpose Of this text is to present the correct principles of bookkeeping and accounting, - principles advocated and practiced by modern bookkeepers and accountants. The information upon which it is based was obtained from standard authorities on accounting and from consultations with practicing book keepers and accountants. The text is prepared primarily for the student and not for the practicing book keeper or accountant. The presentation permits the beginner to master first the simple principles of accounting as applied in a small business. When he under stands these, he can then appreciate the more complicated principles of accounting necessary in recording the transactions for a business of extensive operations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Bookkeeping and Accountancy written by Harry M. Rowe and published by Forgotten Books. This book was released on 2017-10-27 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Bookkeeping and Accountancy: Presenting the Art of Bookkeeping in Accordance, With the Principles of Modern Accountancy My principal task has been to simplify the presentation of accountancy so that it may be understood by the average commercial student, and to prepare book keeping sets in various lines of business that would illustrate the application of its principles. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Principles of Bookkeeping written by George Washington Miner and published by Forgotten Books. This book was released on 2018-04-30 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Principles of Bookkeeping: Complete Course Illustrating the Journal Method of Closing the Ledger The modern business world demands of its employees economy and efficiency, and the commercial training in our schools, to be successful, must meet this demand of' the business world by texts whose value is educational as well as practical. Such a text the authors have tried to furnish in this volume. Their aim has been an elementary book which shall present a simple, practical study of the basic facts of book keeping in a manner that will command the interest of the pupil and that will impress upon his mind the methods and practices of the office as well as the duties and technical knowledge and vocabulary of the bookkeeper and the accountant. The grading and development of the work, its classification, the terms used, and the forms adopted all have the same aim, the making of an efficient, well-informed bookkeeper. To apply a principle is of far more practical value than the ability to define it, and in this text principles are described and applied by the pupils before they are formally defined for them. This inductive method, characteristic of the entire book, stimulates the pupil to think for himself and to cultivate the self-reliance and independence so univer sally demanded of him. The numerous exercises and illustrations used in the approach to a given subject, and the many and varied reviews and problems, are positive factors in appealing to and developing this independence. As a basis for the elementary work, the authors have adopted the pupil's own knowledge of simple business transactions, - the exchange of values with which he is already familiar in the buying of many of the articles used in the home. Thus the new subject is approached with confidence through well-known operations. A number of sets are arranged for business practice which may be carried out as fully as the instructor desires; for since all of this work is optional, it may be fitted to the needs of the individual class. The business practice may be omitted in any set at the discretion of the instructor. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book The Principles of Bookkeeping Classic Reprint written by John Albert Carlill and published by Forgotten Books. This book was released on 2017-09-11 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Principles of Bookkeeping Again, as the architect designs his building to fit the shape of his piece of land, so a bookkeeper who understands the principles of his work has not his mind cramped and stunted, and feels at liberty to modify his methods to suit the nature of the business. He has more boldness to judge whether a practice is right or wrong, under the circumstances, instead of simply whether it has been the custom or no. It would seem, therefore, that the principles Should be the first things to be mastered, whereas, in practice, they are frequently the last to be learned. In most Offices, although much of the detail of Bookkeeping is performed by the junior clerks, they do not see how the accounts are finally closed and, though they may be taught to keep the accounts with the customers of.the firm perfectly accurate, they do not learn how the impersonal accounts are treated, so as to Show the benefits accruing to the firm, for the advantage of which the business is solely conducted. Occasionally, persons are found who have kept books for a long period, but having simply followed on with entries similar to those which had been previously made, they have managed to get through their work without fully knowing the why and the Wherefore of it. As we should hardly call a person a musician who could not read music, so we can hardly call a person a bookkeeper who has only learned his work by rote. The consequence is that, if any entries are required of an unusual character, such persons are quite at a loss, and it does not occur to them, or they dare not venture, to make any alteration in their system, even though it may be causing them unnecessary trouble. As an illustration, the Journal in a business having almost world-wide fame, showed a curious specimen of a minor inaccuracy. The entries were correctly written in and posted. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book The Principles of Modern Book keeping written by William Robert Hamilton and published by . This book was released on 1956 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Principles of Book Keeping by Double Entry Classic Reprint written by A. Cayley and published by Forgotten Books. This book was released on 2018-02-19 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Principles of Book-Keeping by Double Entry Account of Receipts and Payments. This may be kept as follows: here and in other cases dates Should be inserted when necessary. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Bookkeeping for Modern Business written by John G. Kirk and published by Forgotten Books. This book was released on 2017-10-11 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Bookkeeping for Modern Business: Advanced Course The same general plan which characterizes the elementary course has been followed in the advanced course. Each new principle is presented in the same clear and concise manner, using, when possible, the ledger account as the basis of all explanation, and thereby illustrating clearly the theory of debit and credit. Some of the more important subjects included here, and not ordinarily illustrated or discussed in texts of this kind are: construction of accounts; classification of accounts; valuation accounts; reserve accounts; divisional profit and loss accounts; controlling accounts; contingent liability; renewal of notes; partial payment of notes; protested notes; goodwill; columnar books; subsidiary ledgers both in bound and loose-leaf form; working form for closing the ledger; turnover; turnover of stock; ten column working sheet; calculation of percentages; graphical methods of presenting facts; comparative profit and loss statements; comparative balance sheets; schedules; exhibits, etc. These subjects are in harmony with modern bookkeeping and in conformity with sound theory and general practice. Then, as a means of providing necessary drill in bookkeeping technique and routine, the accounts and books of original entry are introduced. The papers, forms, and records peculiar to one special line of business are used until the student has become thor oughly familiar with them. In this way the student is permitted to devote all his time to the more practical phases of bookkeeping. An effort has been made throughout to use the most modern types of classification of accounts and financial statements, and the method of closing the ledger which has the approval of business men and accountants. In presenting each subject, the approach has been made so simple and obvious that the student has little difficulty in preparing his work in a clear and concise manner. The treatment of columnar books, for example, illustrates and explains the columnar books so clearly that the student has little difficulty in applying the theory of debit and credit to each special column. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Modern Accounting written by Henry Rand Hatfield and published by Forgotten Books. This book was released on 2017-10-17 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Modern Accounting: Its Principles and Some of Its Problems IN the following treatise an attempt is made to present the principles of accounting. In doing so the details of technic, important though they are, are purposely omitted or treated with the scantest mention. The essence of ao counting, from the author's view point, is the presentation, first, of a correct exhibit of the financial status of the con cern at a given moment of time, and, secondly, a showing of the results obtained during a given period of time. The first is embodied in the Balance Sheet; the second in the Income or Profit and Loss statement. In the ordinary routine of the accountant 's toil there is, indeed, another function; that of keeping account of claims and property, in order to secure the concern against the loss which might arise from forgetfulness, carelessness or dishonesty. This phase of accounting attains its acme in governmental accounting where the essential thing is to insure the proper handling of vast sums. But this seems a matter of much less scientific interest and is not treated in this work. The method of treatment, in general, has therefore been to consider how a given transaction is made manifest in the Balance Sheet, the goal which the accountant ever has in mind. The technical entries to be made in the journal or in other books of original entry are excluded. They are not of such importance for the forms in which such entries are made vary according to the needs of the office economy. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Bookkeeping written by Leslie Whittem Hawkins and published by Forgotten Books. This book was released on 2018-04-21 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Bookkeeping: The Principles and Practice of Double Entry; With Exercises, Key and an Appendix of Forms To the uninitiated the term double entry is a mystery, and to many suggests the making of two entries where one would sufiice. There is, however, no mystery about it, and it involves no unnecessary labour. The double-entry system of bookkeeping rests on the principle that business transactions are two fold in their nature, and may, for that reason, be regarded in two aspects, which are represented by two entries. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Principles of Bookkeeping and Farm Accounts Classic Reprint written by J. A. Bexell and published by Forgotten Books. This book was released on 2016-08-24 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Principles of Bookkeeping and Farm Accounts Farming is the oldest and in many respects the most important occupation of man. It dates back beyond the dawn of history, yet one of the modern Captains of Industry recently remarked that Farming is the most modern business in the world. This is certainly true as regards the application of sound business methods. In the mad rush for wealth and power, we seem to have lost sight of the true principles of economy. One of these principles is the art of keeping accounts. One of the greatest authorities on bookkeeping says, The ability to pre - deter mine results by means of accurate accounts and statistics is the highest develop ment of the modern business man. That the farmer needs to develop the same ability to pre-determine results needs no argument. Very few farmers of today have a definite knowledge of their business. Farm accounts must be simple, easily kept, and readily understood to make them effective and practical. Hon. James Wilson says: I would not impose on a busy farmer the keeping of an elaborate set of books, but some simple form of accounts will be a great aid in successful farming. Mr. John Ham ilton, Farmers' Institute Specialist, says: In my judgment no single study outside of the essential branches of writing, reading, and arithmetic would be of more service than the study of an efficient method of keeping accounts. It is a universal need. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Practical Bookkeeping and Accounting written by William L. Musick and published by Forgotten Books. This book was released on 2017-10-25 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Practical Bookkeeping and Accounting: A System of Modern Bookkeeping and Accounting Logically Developed, With Forms and Statements Amply Contains a System of Accounts for Retail Merchants The simplest way to teach or to learn any subject is to commence at the be ginning, and take each step in logical order. In bookkeeping, start with the transaction. The next step is the journal entry to record the transaction. The journal entry is the basis of every entry in any book of original entry. The first record of every transaction is a journal entry or its equivalent. The Ledger Account is the record of final entries, the end of the transactions so far as bookkeeping is concerned. Hence, the logical development must begin with the journal entry and develop toward the Ledger account as the final record in the routine of bookkeeping, terminating in the Trial Balance. Accounting is the auditing of the bookkeeping to determine the correctness of it, the preparation of the Balance Sheet and Profit and Loss Statement, the closing of the books to correspond with these statements, the preparing of analysis sheets or detailed statements, schedules and comparative statements for the information of the management of the business. There are two sides to every question, and, if only one side is considered and the other side ignored, the idea is hazy and incomplete. This is notable in every argument of a question. There are two sides to every business trausse tion, and if both sides are considered at the same time, the idea is clear and complete. The journal entry of a transaction considers both sides, and the idea is complete in the mind and the record is complete in the books. Carrying out this plan of logical development by easy steps, and securing the complete idea for each step before the next step is taken, not only the routine of bookkeeping is made easy to learn, but the elements of accounting are introduced in the natural place and order, and are made as easy to learn and to teach as the routine of bookkeeping. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.