720 THE HOME, FARM AND BUSINESS CYCLOPEDIA. 



EXPLANATION OF THE CASH BOOK ENTRIES ON THE 

 TWO PRECEDING PAGES. 



THE COLUMNS. 



As indicated at the top of the respective columns, 471 and 478 are the 

 " Date " columns ; 472 and 479 are the " L. F.," or " Posting " columns, in 

 which to write the Ledger page to which an item is posted. 



Ex. 475. This the " Miscellaneous," or " General" column, in which is 

 entered all cash received (except for cash sales of merchandise), all items 

 entered in this column are credited to the respective accounts indicated 

 under 473. (See 13, 43, and 45.) 



Ex. 476. This is an extra column kept in which to enter the merchan- 

 dise cash sales. The object in thus extending the cash sales into this 

 column is to save labour in posting ; for by so doing, it is necessary to 

 post the Merchandise cash sales only once a month, crediting Mdse. at 

 the end of the month for the total sales for the month, as shown by the 

 total of this column. (See 547.) When the Cash Book is closed daily, 

 this column cannot be used, then the cash sales items are entered in the 

 " Miscellaneous " column, and we are obliged to post the same to the 

 Merchandise account daily. 



Ex. 477. This is the " footing," or " total " column, into which is ex- 

 tended the balance of cash on hand in the morning, and the total received 

 during the day, at night. (See 485 and 548.) 



Ex. 482. This is the " Miscellaneous," or " General " column, in which 

 is entered all cash paid out (except for items belonging to the Expense 

 account), all items entered in this column are debited to the respective 

 accounts indicated under 480. (See 13, 44, and 46.) 



Ex. 483. This is an extra column kept, in which to extend all items 

 to be debited to the Expense account. This is kept for the same reason 

 that any extra column is kept to save labour in posting, the total of 

 this column being posted to the debit of the Expense account at the end 

 of the month. (See 550.) When the Cash Book is closed daily, it is 

 scarcely advisable to keep this extra column, as there are seldom enough 

 entries to the Expense account to pay for keeping it, the Expense items 

 are then entered in the column with the miscellaneous items, and posted 

 daily to the Expense account. 



Ex. 484. This is the credit " footing " or " total " column, into which 

 is extended, every night, the total amount of cash paid out during the 



