S48 



THE POPULAR EDUCATOR. 



LESSONS IN BOOKKEEPING. XV. 



THE JOURNAL. 



BEFORE entering on this lesson it will be advisable for the 

 student to refer to, and read over carefully, Lessons V. and VI. 

 (Vol. L, p. 368, and Vol. II., p. 31), in which the nature and 

 purport of the Journal and the points in which it differs from 

 the Day Book are fully described. It may be as well to state, 

 for facilitating reference, that in the same lessons will be found 

 a description of all the subsidiary books that are generally used 

 in the merchant's counting-house, etc. 



The Journal, as we have before remarked, is no longer what its 

 name denotes, a Day Book ; but is now used, in Double Entry, 

 as a book for collecting all the transactions of business for a 

 given period into a focus, previous to their being entered in the 

 Ledger. In an ordinary business, where the transactions are 

 neither too numerous nor too complicated, the formation of this 

 book from the various subsidiary books of the concern, may 



take place only once a month ; and then with reference to time, 

 as we formerly observed, it might be called the Month-Book ; 

 and in the same way, according to the regular intervals when 

 this collective book is made up, it might be called Week-Boole, 

 or even Day-Book. The best name, however, which could be 

 given to it, would be one indicative of its actual use, without 

 reference to time ; we have already suggested the name Sub- 

 Ledger, and we may now propose a name which would, perhaps, 

 be more accurate and distinct, as regards the method in which 

 it is made up, and the connection which it has with the Ledger 

 we mean the GENERAL POSTING BOOK. Some of our students 

 who are, no doubt, keen business-men, and are on the alert to 

 discover any improvements that can be made in Bookkeeping, 

 in order to shorten their labour and produce more accurate re- 

 sults, or rather to effect less frequent liability to error, will, if 

 they have gone with us thus far, propose some shorter or more 

 pointed name than the preceding j for once, therefore, we leave 

 this subject in their hands. 



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JOURNAL. 



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JOURNAL. 



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