LESSONS IN BOOKKEEJ 



LESSONS IN i:ni.KKl XX. 



WE have now laid before our students the principle* of Book* 

 -. IM.UI in n-lRtioii t,. Homo and Foreign trade. If they 

 have diligently accompanied UM to the end, they possess M clear 

 and as good a knowledge of the subject M they will obtain 

 from a treatise. What they now want is practice, for " prac- 

 tice makes perfect." A few months in an office under an able 

 bookkeeper will fix oar instructions upon their minds, and also 

 iriv.- thorn an insight into the practical working of the science 



are differences of practice in nearly every counting- 

 house. These are variations in some minute particulars, in no 

 way affecting the main principles of the subject, but due 

 entit-fly to the exigencies of the particular trade, business, or 

 i.i. Of course we cannot enlarge upon those variations, 

 .is thf.v are so very numerous. 



We 'have thought it advisable to supply another Memoranda 

 of Transactions for the use of those students who may wish for 

 i'n rt her practice in keeping accounts. The transactions with the 

 I: Mik are excluded, as in the Memoranda of Foreign Trado (see 

 \ul. III., pages 100 and 132). We have only given the quan- 

 tities to prices, without stating the actual amount of the pur- 

 chase or sale. Separate accounts may be opened simply for 

 coffee, tea, and sugar, or for the different kinds of each, as the 

 student may think fit. 



MEMORANDA OF THE TRANSACTIONS 

 OF MESSRS. EVANS AND HAYWARD, TEA, COFFEE, AND SUGAR 



MERCHANTS. 

 loo". 



Jon. 1. Deposited Capital in City Bank J. Evans 1,500, and J. 

 Hayward 1,500. Bought of L. Solomons, Office Furniture, etc., 

 l 10s. ; F. Porsous, Account Books, Stationery, etc., 7 10a. 



Jim. :.'. Paid L. Solomous and F. Parsons. Bought of J. Allport, 

 Tea : Congou, good, 15 chests = 1,200 Ibs., @ Is. lOd. per Ib. ; 

 Congou, finest, 12 chests = 9GO Ibs., @ 3s. ; Souchong, 10 chests 

 = 800 Ibs., @ 2s. 8d. ; Hyson, 15 chests = 1,050 Ibs., @ 2s. 4d. 

 Bought of Bayley and Co., Coffee : Jamaica, good, 3 tierces = 21 

 cwt., @ 82s. per cwt. ; Mocha, uugarbled, 6 bales = 12 cwt. @ 75s. ; 

 Costa Rica, 10 bags = 15 cwt., @ 63s. (Less 2 %). Bought of 

 Reed and Co., Sugar : West India, 5 tierces = 40 cwt., @ 37s. per 

 cwt. ; Brazil, 2 hhds. = 30 cwt., @ 22s. 6d. ; Bengal, 4 hhds. = 72 

 cwt., @ 40s. Paid W. Collins and E. George, Travelling Expenses, 

 7 7s. each. 



Jan. 3. Accepted Bills as follows : Drawn by J. Allport, No. 1, due 

 @ 1 inc., one-half of ace. ; No. 2, due @ 2 mos., balance of ace. 

 Drawn by Bayley and Co., No. 3, due (oj 1 mo. Drawn by Reed 

 and Co., No. 4, due @ 2 mos., one-half of ace. ; No. 5, due @ 3 

 mos., balance of ace. 



Jan. 4. Drew out of Cash, Petty Cash, 10. J. Brans, Private ace., 

 25. J. Hayward, Private ace., 20. Sold to Kebble and Williams 

 (for Cash in a week), Coffte .- Costa Rica, 4 bags = 6 cwt., @ 70s. ; 

 Sugar .- Brazil, 1 hhd. = 15 cwt., @ 27s. 6d. ; Tea .- Congou, good, 3 

 chests = 240 Ibs., @ Is. lid., (Less 2.J%). 



Jan. 5. Sold to Clayton and Co., Sugar.- Bengal, 2 hhds. = 36 cwt. @ 

 46s. 3d. Received Cash same time. Sold to Lumley and Co., 

 Coffte : Jamaica, good, 2 tierces = 14 cwt., at 90s. ; Tea : Congou, 

 finest, 8 chests = 640 Ibs., @ 3s. 2d. ; Sugar : W. India, 2 tierces = 

 16 cwt., @ 45s. 6d. Drew Bill No. 1 on Lumley and Co., due @ 



1 mo. Sold to Mason and Co., Coffee : Mocha, ungarbled, 4 bales = 

 8 cwt., @ 82s. 3d. ; Tea .- Souchong, 4 chests = 320 Ibs. @ 2s. 9d. 



Jan. 6. Received Cash from Mason and Co. Paid Wages, 5. W. 

 Collins and E. George, Travelling Expenses, 7 7s. each. 



Jan. 8. Bought of Durrant and Co., Tea: Congou, good, 20 chests = 

 1,600 lbs.,@ Is. 8d. ; Congou, finest, 20 chests =1,600 Ibs., @ 2s. 8d. ; 

 Souchong, 10 chests = 800 IDS., @ 2s. 6d. ; Hyson, 10 chests = 700 

 Ibs., @ 2s. 3d. (Less 2J%). Bought of J. Allport, Tea .- Gunpowder, 

 20 chests = 1,600 Ibs., @ 2s. lOd. (Less 24%). 



Jan. 9. Accepted Bills : Drawn by Dnrrant and Co., No. 6, due @2 

 mos., 250; No. 7, due @ 3 mos., balance of ace. Drawn by J. 

 Allport, No. 8, due @ 3 mos. Sold to Wardlaw and Co., Tea : 

 Congou, good, 10 chests = 800 Ibs., @ 2s. ; Gunpowder, 6 chests = 

 480 Ibs., @ 3s. Sold to Freeman and Dale, Tea: Congou, finest, 

 12 chests = 960 Ibs., @ 2s. 9d. ; Hyson, 15 chests = 1,050 Ibs., @ 

 2s. 5d. ; Sugar : W. India, 20 cwt. @ 44s. j Bengal, 24 cwt., @ 

 47s. 3d. 



Jan. 10. Drew Bills : No. 2, on Wardlaw and Co., due at 1 mo. ; No. 3, 

 ou Freeman and Dale, due @ 1 mo., 200; No. 4, on do., due (a) 



2 mos., bal. of ace. Bought of J. Gilbertson, CO/M .- Bio, 12 

 Robins = 18 cwt., @ 40s. ; Mocha, garbled, 6 bales = 13 cwt, @ 

 95s. ; Jamaica, fine, 3 tierces = 21 cwt , @ 110s. (Less 2$% for Cash 

 in a fortnight). Sold to Jenkins Bros., Coffee : Rio, 12 cwt, @ 

 47s. ; Tea : Congou, good, 10 chests = 800 Ibs., @ Is. 9d. 



Jan. ll.-Beosivsd Cash from K*bhtesad WiOtasM sa* Jtafctn 

 Lent MoU* sad Hoar. UfU tor I srartb si 5 X. 



Jan. IS.-Bold to Owen sad Co.. TM .- Oogoo, IMS*. 4 chests 310 

 lb*.,(&3s.2d.; Gunpowder, 14 ch*U- 1.12tt lbs..fe.: 



-Beosived 1 Bills from Owen awl Co. *-. ft. ejo* )7Ui last , 

 100, No.6,dne24thbst,ons-haUof baLi Xo. 7, ds Ma last. 

 balanc*. Bought of J. Allport. Tea, Uuapowdw, SO cfcwU - 

 4,000 Ibs., @ 2s. 44. Draw out of Cash. J. Etss*. Private ac< 

 J. Hay ward, Private ace.. W. Psi4 Wages, t, W. Colon* and 

 E. George, Travelling Esprosss, 7 7s. web. 



Jan. 15.-Aoo*pted 1 Bills, drawn by J. Allport :-No. . da* fe 2 mo*., 

 200; Ho. 10, due @3 BOS., 4250. Sold to Kbbte and WUU*SM. 

 CO/M: Jamaica, food. 1 ttens - 7 ewt..@90a. ; jMaviea, is*. S 

 tierce* =14 cwt. @ 118*.; Mocha, garbled, bates 



102s. Bold to Thompson sad Co., TM . Otnpowdsr, JO 

 800 Ibs., @ 2s. 7d. 



Jan. l.-BeceiveJ Bills :-No. 8, from Kebbte sad Williams, das tad 

 Feb. ; No. 9, from Thompson aud Co., due 27tb Jan. 



Jan. 17.-Reoeivd Cash for Bill No. 5. 



Jan. 18. Sold to Hunter and Co., Tea/ Congou, good, 10 

 Ibs., @ Is. 9d. (for Cash on 27th). 



Jan. 19. Sold to Wardlaw and Co., Tea .- Congou. 

 6K> Ibs., @ 2s. 9d. Sold to Mason and Co., Tea 

 chests = 480 Ibs., @ 2s. .Od. 



Jan. SO.-Drew Bills : No. 10, on Wardlaw and Co.. dus % 1 mo. ; Ho. 

 11, on Mason and Co., due@l no. Paid Wages, &. W. Colhn* 

 and E. George, Travelling Expenses, 7 7s. each. 



Jan. 22.- Sold to J. Tilley, CO/M : Mocha, ongarbled, t bates = 4 ewt , 

 @ 83s. ; Costa Rica, 6 bags = 9 cwt, 70*. ; Bio, 4 BoUm - 

 cwt , @ 47s. 6d. Bold to H. Meredith, Co/e* .- Jamaica, inc. 1 tierco 

 = 7 cwt, @ 118s. ; Sugar .- W. India, 4 cwt, @ 45s. ; Bnzil, 5 

 cwt., @ 28s. 



Jan. 23. Received Cash from J. Tilley and H. Meredith. 



Jan. 21. Received Cash for Bill No. 6. Paid J. Oilbsrteoa. Sold to 

 Allataon and Co., Tea .- Gunpowder, 20 chests - 1,600 Ibs., Q 2s. 7d. 

 Drew BUI No. 12 on AllaUon and Co., due @ I mo. 



Jan. 25. Sold to F. Notley, Tea .- Hyson. 10 chests = 700 Ibs.. <g 3s. Sd. 

 Sold to Pickford and Green, Sugar .- Bengal, 12 ewt, @ 90s. 



Jan. 26. Bought of Bayley and Co., CO/M: Jamaica, good. 10 tierce* 

 = 70 cwt., @ 80s. ; Mocha, nngarbled, 10 bates = 20 ewt, @ 78s.; 

 Costa Rica, 10 bags =15 cwt, @ 60s. ; Mocha, garbled, 14 hales - 

 21 cwt, @ 94s. (Less 2$ % for Cash in s month). Drew Bill Ko. 13 

 on F. Notley, due @ 1 mo. Received Cash from Pickford and Green- 

 Jan. 27. Received Cash from Hunter and Co., and Cash (or Bill No. 9. 

 Bought of Keene and Ross, Tea .- Congou, good, 50 chests = 4,000 

 Ibs., @ Is. 6d. ; Hyson, 10 chests = 700 Ibs., <$ 2s. ; 

 chests = 1,600 Ibs., @ 2s. 3d. Sold to E. Davcy, O>/M : Ji 

 good, 3 tierces = 21 cwt, @ 80s. ; Tea .- Congou, good, 10 

 = 800 Ibs., @ Is. 8d. Paid Wages, 5. W. Collins and E. Goorge. 

 Travelling Expenses, 7 7s. each. 



Jan. 29 Accepted a Bill drawn by Keen* and Boss, No, 11, dae ^ ? 

 moa. Drew Bill No. 14 on E. Davey, do* @ 2 mos. Bold to 

 Jenkins Bros., Tea .- Congou, good, 2 chests - 140 Ibs.. Q Is. 1 Id. 

 Received Cash same time. 



Jaii. 30. Bought of J. Yavasseur, Tea: Congoa, nnest, SO ssssU - 

 1,600 lbs.,@ 2s. 6d. Received Cash for Bill No. 7. Bought 'H. 

 Bateman and Son (Less 5 X for Cash in a week}. OO/M .- Bio. 13 

 Robins - 18 cwt., 3Ss. ; Jamaica, fine, 3 tierce* = 21 ewt. 

 105s. Bought of Wingram and Sons, Stvgw: W. India, 5 

 = 40 cwt. @ 34s. ; Brazil, 2 hhds. = 30 ewt, ($ 21s. 

 Lhds. =5lcwt..@38s. 



Jan. 31.- Accepted Bills: -No. 12. drawn by J. Yavaa**ar, ds* S 

 mos. ; No. 13, drawn by Wingram and Sons, doe (a) 3 IMS. Sold 

 to Mean and Fry, CO/M .- Jamaica, good, 2 tteraes *= 14 ewt., Q 

 89s. 6d. ; Mocha, ungarbled, 5 bales = 10 ewt, @ 81*. ; fi^v .- 

 Brazil, 10 cwt., <ol 29s. Sold to Clayton and Co., Swjrt Bengal, 

 1 hhd., 18 cwt, @ 47s. ; W. India. 2 tierces = 10 ewt, @ 44s. 



Feb. 1. Received Bills > No. 15, from Mean and Fry, doe 12th. Ft*. , 

 No. 16, from Clayton and Co., du 15th Feb. Bold to MirnamnsH 

 and Co., Tea.- Congou, good, 10 ehest* =800 Ibs.. @ Is. 7d. j 

 Congou, finest, 6 cherts - 480 Ibs.. @ 2s. 7|d.; O^M; Mocha. 

 garbled, 8 bale* = 12 cwt, @ VOt. Paid Salaries, including 

 Travellers, 60. 



Feb. 2. -Drew Bill on March mont and Co., No. 17. dae at 1 mo. Be> 

 oeived Cash for Bill No, 16. Sold to A. Ledbrooke, T: Gnn- 

 powder, 15 chests == 1.200 Ibs.. @ 2*. 7| !. j Hyson. 4 chests, 290 

 Ibs, @ 2s. Ijd. ; Souchong, 10 chests = *X> Iba., @ 2s. T|d. 



Feb. 3. Drew 2 Bill* on A. Ledbrooke: No. 18, doe @ 1 mo., one- 

 half of ace. ; No. 19, due (& 2 mos.. baknoa. Drew out of Cash, 

 Petty Cash. 10; J. Hayward. Private ace., 25; J. Evans. 

 Private sot., 25. Paid Wages. K. W. Collins ted E. George. 

 Travelling Expeo***, 7 7s. e*eh. 



Teh. 5.-So)d to J. TUIy. CO/M. Costa Biea, 5 bagsTi ewt. 

 68s. 9d. ; Bio. 8 Robins = 12 ewt. & 47a ; Jamaioa, in, 1 ttsros 

 = 7 cwt.. @ 115*. 



Feb. 0.-R*ceived Bill No. 20 from J. TiUey, doe 27ta Feb. Paid H. 

 Bateman and Sen. Paid Bills Not. 1 and 3. 



