748 THE HOME, FARM AND BUSINESS CYCLOPEDIA.. 



excepting, while reading those instructions, substitute " to the page opened 

 for this account in the new Ledger " in place of " new page." 



841. / 9. It is advisable to make and send out statements of 



all our customers' accounts on the first of every month. Bj* so doing an 

 account cannot escape our notice and thereby be allowed to remain on our 

 books until it is long past^ due without the person having been notified 

 monthly of that fact. Another reason for so doing is, because if any mis- 

 takes have been made in posting, by which an item was posted to the 

 wrong account or to the wrong side of an account, we are then notified by 

 the persons who receive the incorrect statements, and we may then make 

 the corrections in the Ledger. 



84S. On Copying Invoices of Goods We Buy. There are a few firms 

 who keep Invoice Books or Purchase Books into which they copy the 

 items from all the bills of goods they buy. This is an absurd practice and 

 a lavish waste of time ; for, after the amount of an invoice has been cre- 

 dited to the person, [the invoice is thereafter held as a memorandum for 

 reference ; and, if we wish therefore to refer to a purchase we have but 

 to find the invoice, which is done in the manner described in 309. 



843. Classification of Accounts. When but one Ledger is used, it is 

 advisable to have the miscellaneous accounts in the fore part, and follow- 

 ing these, the accounts with persons from whom we buy, reserving the 

 back part of the Ledger for the accounts with our customers ; or, W3 may 

 have our dealers' accounts in the fore part and our creditors, in the back, 

 as we prefer. 



844. Overcharges, etc. Sometimes persons from whom we buy goods 

 guarantee the freight at a certain rate, i. e., guarantee that the goods will 

 be laid in our store at a certain rate per 100 Ibs. or per piece. If the 

 Railroad company charges us more than this rate, we debit the over- 

 charge to the person from whom we bought the goods. If any overcharge 

 in prices on goods, such overcharge may be deducted from the bills before 

 they are entered. If goods are damaged, we must first ascertain whether 

 they were damaged while in transit, or before they were shipped, if the for- 

 mer, the Railroad company must be debited for the amount of such dama- 

 ges; if the latter, the amount of such damages may either be deducted 

 from the bill before it is entered, or the full face of the bill credited to the 

 person and the amount of the claim for damages afterward debited to his 

 account. 



If any error in " figuring," the amount of such error may be deducted 

 from the bill before it is entered. 



