STOCK A.CCOUNT. 



G33 



THE CASH BOOK. 



43. Enter on the Debit side all 



CASH RECEIVED. 

 45. All items on the Debit side of 

 the Cash Book are posted to the 

 CREDIT SIDE OF IHK LKDOER. 



44. Enter on the Credit side all 



CASH PAID 01 T 

 lit. All items on the Credit Side of 

 the Cash Book are posted to the 

 DEBIT SIDE OF THE LED<;KR. 



The Cash Book is the Cash Account, consequently the Cash Account is debited or 

 credited by simply entering an amount on the debit or credit side of the Cash Book. 

 So TV hen Cash is debited, all the accounts on that side of the book must be credited ; 

 and when cash is credited, all accounts on that side of the book must be debited. 



47. Bank Drafts and Sight Drafts belong to the Cash Account. 



48. NOTHING BUT NOTES AND TIME DRAFTS (OR ACCEPTANCES) BELONG TO THE r.n.i.s 



M> BILLS PAYABLE Accoi 



J. H. GOODWINSTOCK ACCOUNT. 



CLOSING No. 1. 



51. Debit at the end of the year 

 for net private loss, as shown by 

 his private account, 



CLOSING No. -2. 



53. Debit at the end of the 



;',,! ,,, / business toes, as shown 



by the Loss & Gain account; and 



fur loss on " Private account." (See 



288.) 



49. Open a " Stock account" 

 for each member of the firm, and 

 credit same at commencement of 

 business for net amount by each 

 invested, or net worth, which is 

 found by deducting the sum total 

 of his Liabilities from the sum 

 total of his Resources. (See -'^ s 

 to .-Hill: also 315.) 



50. Credit for all a<l<litional 

 investment-. 



CLOSING No. 1. 

 52. Civ lit at the end of 



year for net / 



by his private account. 



( JLOSIKG No 



1 I. Credit at tli.- '!:<! <>f the 



year I 



shown by the Loefl A < Iain ac- 

 count 



