LOST ACCOUNTS AND NOTKs. 



G81 



of business. The Consignment Book is by some called a " Sales Book,' 

 but it should not be so called. 



ACCOUNTS WITH ATTORNEYS. 



262. Debit for all notes and 

 accounts we hand to them for col- 

 lection. 



263. Credit for all c us by 



them made and turned over to us, 

 on such accounts and notes as we 

 them for collection. 



264. EXPLANATION. Whenever we give or send an account or a note 

 to an attorney for collection, we open an account with the attorney, and 

 debit him for such note or account ; then credit the person's account, or 

 the Bills Receivable account, for the amount, writing on the credit side 

 of such personal or Bills Receivable account the name of the attorney to 

 whom handed, adding "Att'y" after his name; so that we ma)* kn 

 when we refer to such an account and see that it balances, that it is not 

 balanced by payment, but by being handed to an attorney for collection. 

 At the end of the year we require such attorneys to make a statement of 

 the condition and probable worth of all such of our accounts and notes as 

 they have in their hands, and we adjust the amounts to be carried there- 

 from to the Lost Accounts and Notes account accordingly. The attorney's 

 account is not balanced, but is allowed to stand as a resource, the same as 

 any other personal account owing us. 



LOST ACCOUNTS AND NOTES. 



26*1. l).-l.it, during the year, for 

 amounts we lose on accounts and 

 by persons going into bank- 

 ruptcy, making assignments, etc., 



26rt. Drl.it, at tin- en. 1 of tin* 

 for approximated loss on 

 and part-worthless ac- 

 counts ami n< 



267. Credit for amounts that 

 are afterwards paid on account 

 notes which we had heret 

 called worthless and del-it.-d to 

 this account. 





