UNNECESSARY WORK TAUGHT IN THE BUSINESS COLLEGES. 697 



WHAT A BOOK-KEEPER SHOULD DO IN TAKING A SET OF 

 BOOKS FROM ANOTHER BOOK-KEEPER TO KEEP. 



:&<>. In taking a set of books from another book-keeper to kee] 

 should first take a Trial Balance to ascertain whether or not the b< 

 balance. If they do not, the proprietors should be informed of the fact, 



ami that they must be made to balance before proceeding. The i. 

 tiling will be to look over the index to the Ledger and find out what 

 other than personal accounts have been kept, so that you may know into 

 what accounts Expense has been divided ; for in some houses Expense is 

 <livilrd into several accounts, such as Freight, Insurance, Adverti 



rirs, etc., etc., while in others all expenses are entered under one head- 

 ing. If you come across an account you never saw before, and which is 

 peculiar to this business only, you must ascertain for what that account 

 is n-r.l. Examine all the books in use, in order to get an idea of the 



in practised prior to your taking charge of the books learning all 

 you can from this system, and noting the points where improvements may 

 be made. After this, ask for the notes held against others (Bills Receiv- 

 able). Look over these notes and arrange them in order as they become 

 din-. If among these notes there are any having indorsers, you should 

 not fail to present them to the makers for payment before three o'clock, 

 I'.M , on the day they fall due; and if not paid upon presentation, to 1 

 thrm /'/"/->/,<,/ immediately before a notary public. Failing to do this, 

 all the indoraera are released, and the linn may look only to the makers 

 for payment, ami if they be not able to pay, the notes are simply \vorth- 

 Jn some States, however, it is not necessary to have n 'iiV^ 



indonera prutrsted in order to hold the indorsrrs. The better way i^ to 

 lU'-onnt notes in the bank ten or fifteen days before due; thru, if i 



not properly attrn-lrd to, the bank is responsible. 



UNNECESSARY \\*<>KK TAUGHT IN THE BUSINESS COLLEGES 

 AND PRACTISED r.Y ICANY EXPERIENCED BOOK 



KEEPERS, AND IK)\V To AVOID IT. 



In many bu>inrss colleges, stnoVnts arr taught to halaner tin* 

 arr-MiMts rvrry nn>nili, and brim: down the lalamvs. This idr.a 

 is absunl ; for in BOOie lu>in.^s i . li.-ir they have several tlmn 



acconn- Jd requ i book-keeper to 



