THK 1'KINVIPAL BOOKS. 629 



Book. When notes are paid, the name of the makers, date, time, etc., 



should be entered. All items on the Debit side of the Cash Book should 



be credited t<> the several accounts to which they belong in the Ledger, 



because < 'u-di is debited; and all items on the Credit side of the Cash 



Book must be debited to the several accounts to which they belong on the 



i ^er, because Cash is credited. It is unnecessary to keep a Cash ac- 



count in the Ledger; but, instead, enter in the trial balance, when it is 



n, the balance of cash on hand, as shown by the Cash Book, which 



s the same as though such an account were kept. 



14. THK SALES BOOK. The Sales Book is a book in which the mer- 

 chandUe sales are recorded. It is used principally in the larger establish- 

 ment- as in the smaller houses the sales on account are all recorded in the 

 Journal. 



Posting i.s Bome'timee -lone directly from this book to the Ledger; and 



times the transactions are first transf erred to the Journal before being 



bed. In post in LJ directly from the Sales Books to the Ledger, the debits 



are posted to the personal accounts therein charged daily ; and the total 



carried forward until the end of the month, when the Merchan- 



account is credited in one entry from each Sales Book for the total 



sales for the month in each recorded. 



15. THK LEDGER. The Ledger is a book used to show the final sum- 

 ming up of all our business transactions, and the standing of all personal 

 and miscellaneous accounts. The left-hand side of the Ledger is alwa\ - 



! >ebit, and the right-hand side the Credit. 



115. When the Debit side of an account in the Ledger is the larger, the 

 unt the Debit side exceeds the Credit is always cither </ Resource or 



17. When the (Yedit s ide of an account in the Ledger is the larger, the 

 amount tin- Credit >idc exceeds the Ih-bit is alwa> > ithcr a 



The two prceedin^ rules l< and 17 are nf the ver\ i^n-ati-st import- 

 when we dose our Jmnks at the end of the year, to find how much 

 iraim-d ; lr we then be^in with the first ace. .unt in the 

 :ind CHITy all aCCOUntfl upon which we 1< in to the boss & 



:i account ; th.Tetoiv, nnlcx. \\ -,. are familiar with these rul-->. W6 11111.4 

 adily decide upon which accounts we ].. 11. The \sa\ 



upon which account ,ts follo\\ 



I*. /' When \ve lo..k at an BOOOfUil in the Ledger, the pi-bit 



of which is the larger, we first decide whether ,.r not it i If 



H lie an or any n<t, nal account 



