736 THE HOME, FARM AXD BUSINESS CYCLOPAEDIA. 



but leave the column blank as has been done in this Bills Receivable ac- 

 count. When an item is posted to this account, do not write in that 

 formal business -college way "To Ed. Russell" when a note is received, or 

 " By Cash" when it is paid ; but simply write as in G02 and G18 the person's 

 surname (Russell), the month in which the note is dated, (llth or Nov.) 

 the number of days upon which it is drawn (30), the page (02), and the 

 amount (200). And when a payment is made on this note, write on 

 the credit side of the account when the item is posted, the name, month, 

 days, page and amount, the same as on the debit side adding after the 

 days " P.," " D." or " R.," so that we may know whether " Payment," 

 " Discounted," or " Renewed." This is all done simply for checking pur- 

 poses, in case that the difference between the two sides of the account 

 should not agree with the total value of the notes we actually have on 

 hand. (See 128.) For explanation of 626, see 271. 



Ex. 629 to 643. See 129 to 140. The explanation columns are treated 

 in this account in the same manner and for the same purpose that they 

 are treated in the Bills Receivable account, the names, etc., being entered 

 simply for checking purposes. (See 139.) It is not neccessary to ditto the 

 month in the explanation column but to allow it to stand until changed 

 as in 635 to 641. The Bills Receivable and Bills Payable accounts are 

 usually balanced in the manner here illustrated only when the page is full 

 and we wish to transfer the account to a new page, excepting at the end 

 of the year, at which time it is customary to close them and bring down 

 the balances in this manner. (See 308.) 



Ex. 644 to 648. See 189 to 197. 



Ex. 649 to 651. See 205 to 208. 



Ex. 652 to 655. See 201 to 204. 



Ex. 656 to 659. See 187 and 188. 



Ex. 660 to 668. See 144 to 154. 



Ex. 669 to 673. See 209 to 212. 



Ex. 674 and 675. See Ex. 526 in Cash Book. When we close an 

 account upon which there is but one item, as in this case, the closing lines 

 are ruled in the manner shown under this account. 



Ex. 676. See Ex. 517 in Cash Book. These bank shares are by us 

 considered worth now, at the end of the year, just what they cost, and as 

 we have them on hand in our safe we call them a Resource, therefore 

 allow the account to stand untouched. (See 18.) 



Ex. 677 to 683. These are accounts with our employe's, and the balan- 

 ces, $25, $5, $8, and $2.50, are the amounts that are still due them for 

 their services, which they have not yet drawn, therefore Liabilities to 



