CASH. 



639 



for the goods than we anticipated when we sold them, consequently we 

 have credited M'lse. for just the amount of that discount too much, and 

 it is now proper to debit tin.- Mdse. account for the amount of that dU- 



Dllllt 



CASH. 



71 Since the Cash Book is the Cash account, this account is never 

 t in the Ledger by the practical business man ; but there are a few 

 " old fogies," and more business colleges, who still adhere to the anti- 

 quated system. The account is here given in order to show how it wa^ 

 r by our forefathers. However, all these rules, forms, etc., mav !> 

 jud: ised, by applying them to the debit and credit sides of the 



!i Book, showing when we enter an amount on the debit side of the 

 ;ind when on the credit side. 



7O. Debit, at commencement of 

 busings, for amount of cash on 

 hand, including the amount on de- 

 in the bank ; for since it is 

 not necessary to keep a bank ac- 

 count, this is also called cash on 

 hand. (See 8GJ.) 



78. Debit for all cash we receive. 



80. Debit for all checks we re- 



81. Form of check \vi- rccei' 



L"M,ON, I ' 



-.MAN BANE OP OOMMBKOE. 



Pay t< r.ooilwin ^ KIII.TS..D, .u 



Han. 





c. W. 



Debii for nil lank dr.-.fis we 



77. Credit for all cash we pay 

 out. 



79. Credit for all checks we g 

 tj. Form of check we gi\ 



No. TORONTO, Dec. 30, 1 E 



IMI'KKIAL BANK OP CANADA. 



Pay to J. K. Armsby & Co., or order, 



Twi-nty-fi-lit ,V.. D... liars. 





GOODWIN & EMERSON. 



