SHIPPING r.rsiN 



21O. The Branch Houses render statements to us of all their expenses 



their pure-liases, thei etc-., daily, we.-kly, <-r monthly, according to 



arrangement: and these stati-ment> an- filed away by us simply as memo- 



randas, no entry being made on our books, unless it be on a record book, 



which is not often done, as these reports are simply made out for our own 



-faction, in urdT that we may know the progress of the l>usin,.ss in 



the different Branches. These Branch Houses at the end of th. pear eacli 



it to the Parent House the net gain or net loss in the business, as the 



may be. (See 2oG.) 



SHIPPING BUSINESS. 



11. That business in which we engage for the purpose of buy in ^ 

 goods and shipping them to others to be sold the persons to whom we 



> the goods charging us for the selling of same a certain percentage 

 on the sal-s is called " Shipping Business." When we first enter into 

 husin.-ss, the books are opened the same as in a general merchandise busi- 



3 ; the books are the same as those used in any other business, with 

 tli-- exception of a book called u The Shipping Ledger," the use of which 

 will be hereinafter described. The principal books are the Shipping 



_rer, the Journal, the Cash Book, and the Ledger. A Merchan 

 account is kept in the Ledger, which is charged for all merchandise we 

 l.uv. and cr.-dited for all merchandise we sell. 



SHIPMENTS. 



1. THK SHNTING LEDGER. The Shipping Ledger is a book used 



simply a> a record book, in which to make a record of the goods we place 

 in the hand* of others to be sold. It is used as a book of original entry 

 when a shipment is mad.- it is at once recorded in this book. A book 

 rul.-d in tin- common Ledger form is suitable for the Shipping Led. 



ipmeiit, an account is opened in this book with tli-- 

 "ii t ) whom we ship. ( )n the debit side U entered tirst i: 



hen tin- ritxf />//'<-' ,,f t1> goods, and under this is enter.- 1 

 which we pay for drayage, etc. After a shipment has i 

 thu> recorded, th- account h.-re np.-ned U allowed to stand until the party 



-liipprd tin- ^ouds renders to UB an AooountrSales ; we then 

 lit >id\ opposite tie- chai-.'v, thf // / proceeds of the s 



d . at't.-r which, we d.-Mt tin- peTBOD and civdit M-Mvlian 

 In- .lounial. -imply i-ntn in-- the person's name, the amount, and the 

 upon which may be found the record of th- sal.- 



