C. U. C. p. ALUMNI JOURNAL 



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At tlve College meetini;", held January 

 1 8, Professor Homer S. Pace spoke on 

 "Business Training- for Pharmacy Stu- 

 dents," outlining a complete course of 

 instruction in pharmaceutical account- 

 ing, salesmanship, etc., adaptable for 

 Colleges of Pharmacy. 



An outline of the work accomplished 

 so far this year in this course as given 

 at the New York College of Pharmacy 

 as well as that to be given later, is given 

 in the following tabulated form. 



The following subjects are prescribed, 

 among others, by the State Board of 

 Examiners in Commercial Pharmacy for 

 the State of New York (pages 152 to 

 155, Pharmaceutical Syllabus). The 

 Syllabus states : "Thus, when this period 

 (July 31, 1916), is reached, the gradu- 

 ates of the schools shall have been pre- 

 pared in the subject matter upon which 

 the boards are expected to examine 

 them." Of these, the following have 

 been given : 



BOOKKEEPING. Necessity of prop- 

 er books of account ; theory of bookkeep- 

 ing, single and double entry ; practical 

 bookkeeping, ledger, cash book, journal, 

 supplementary books; balance sheet, 

 profit and loss statement, statement of 

 cash receipts and payments, statement of 

 income and expenditure, statement of 

 cash reconciliation. 



STOCK. Purchase; ordering; value 

 of discounting bills ; inventory ; pricing 

 of goods. 



BANKING. Commercial banks; de- 

 posits ; withdrawals ; loans. 



CHECKS. Deposits ; returned checks ; 

 necessary reconciliations (as Ufed in con- 

 nection with Cash Book). 



BUSINESS ORGANIZATION. 

 Three basic forms — sole proprietor- 

 ship, partnership, corporation, generally. 

 These forms to be considered more fully 

 later. 



The following subjects prescribed by 

 the Board constitute the work for 1916: 



Week of Jan. 4: 



CHECKS. Economic nature ; legal 

 phases ; certification ; endorsement ; forg- 

 ery ; raising ; restrictive obligations of 

 bank and of depositor. 



Weeks of Jan. 11, Jan. 18, Jan. 25: 



CONTRACTS. Definitions ; nature 

 and requisites of contracts in general; 

 essentials of contract; parties; ofTer and 

 acceptance; consideration; legal subject 

 matter ; time ; interpretation of con- 

 tracts ; discharge of contracts. 



BILLS AND NOTES. Distinction 

 between assignment and negotiation ; 

 essentials of negotiable instrument ; defi- 

 nition of a holder in due course ; lia- 

 bility of endorsers ; protest ; advantage 

 over open account. 



Week of Feb. 8 : 



AGENCY. Principal and agent ; form 

 of authority; ratification; rights and lia- 



