96 



THE POPULAR EDUCATOR. 



LESSONS IN BOOKKEEPING. VII. 



IN our last lesson we gave an example of the principle of post- 

 ing the entries from the. Journal to the Ledger ; let us now 



suppose that an entry similar to the following occurred in a 

 Merchant's Journal: 



The single entry of these transactions in the Journal will 

 occasion the making of four separate entries in the Ledger; and 

 yet it will only be an example of Double Entry ; for, as we 



have already seen, the first entry in the Ledger will be to Debit 

 Cash for the whole amount of the sums in this entry, in the 

 following manner : 



The second entry in the Ledger will be threefold, that is, it 

 will be to Credit each of the accounts for its respective part of 



the whole amount of the sums in this entry, in the following 

 manner : 



Thus you see from the above examples that the sum of 

 ^6273 17s. 9d., received in Cash from different parties in 

 March, is entered once on the Dr. side of Cash Account, and 

 that the same sum is entered once on the Cr. side of the 

 different accounts to which they belong ; but that it is appor- 

 tioned out into the respective sums received from each of the 



parties in whoso account they are entered. Thus you will see 

 also that these three latter entries on the Cr. side of the Ledger 

 account are but an equivalent to the one entry on the Dr. side 

 of the same. 



Thirdly, we shall only suppose another example of a Journal 

 entry to be posted into the Ledger, as follows : 



(Page 6.) 



This single Entry in the Journal will occasion three separate 

 entries in the Ledger, as follows ; but it is plain that in this 

 case the two Debit entries in the account of Hugh JFilliams 



and John Tillotson will only be an equivalent for the single 

 Credit entry in the Cash Account; and thus it is still an. 

 example of Double Entry : 



(8). 



Dr. 



HUGH WILLIAMS. 



Cr. 



(8). 



