STORE AND OFFICE FIXTURES. 



643 



same as in any other business, the amount gained on the " Manufacturing 

 account," being also carried into the " Loss & Gain account." 



STORK AM) OFFICE FIXTURES. 



S). Debit, at commencement of 

 business, for value of store and of- 

 fice fixtures on hand. 



9:5. Debit for everything we buy 

 for fitting up the store and office, 

 such as counters and shelves, scales, 

 safes, stoves, desks, etc., etc. Teams 

 and waggons, are also often charged 

 to this account, but it is customary 

 and the most practical way to open 

 a " Team and \Vaggons account." 



94. Credit for anything we sell, 

 for which we charged this account 

 when we bought it. 



t).l. l>'i-ect ions for ctwin<j the Store and Office Fixtures account at the 

 <///"' year : 



-Write on the credit side " By Inventory," in red ink, for the value 

 of the store and office fixtures on hand. 



2nd. Find the difference between the two sides of this account (Inven- 

 tory included), and the amount that the debit side exceeds the credit will 

 he amount lost on store and office fixtures ; after which, write on the 

 ;it <ide of this account, in red ink, " By Loss &; Gain " for amount lost^ 

 which will now make the account balance. 



:inl. Rule the closing lines and write the total amount between the 



4th. Wiite on the debit side of this account, below the closing lin- s > 

 in Mack ink, "To Inventory," and bring down the value of t' and 



otliei- fixtures now on hand, for the beginning of the new year. 



."ith. Carry amount lost on store and office fixtures over to the " 

 '.lin account," writing on the de!>it side of that account, in Mack ink, 

 X <Mfiv Fixture-;" i',>r the amount 1.M, which conclud- 



ore and ( Mlice Fixture- account. 



IN; EXPLANATION, \\V take an inventory of Store and Otiic,- |-'i \tuivs 

 at the end of the year the same us of Mdsc., valuing them aUo at the ; 



rlh, and not at what they cost us. After having estimated the 

 value, we close the account according to instructions above given. 



