KEEPING ACCOUNTS. 



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account. Thus you " charge " for what you give, and 

 " credit " for what you receive. He with whom you deal 

 does likewise charging you with what he gives you, and 

 crediting you with what he receives from you. Hence his 

 charges against you will correspond with your credits to 

 him, and his credits to you will correspond with your charges 

 against him. 



In like manner, should it be desired to keep an account 

 with a certain field, or meadow, or cow, the name is entered 

 at the top of the page and in the index, just as an in- 

 dividual's, and what you give to it, the labor it costs you, 

 &c., you charge to it, and what it yields you you credit to it. 

 In this way a farmer can keep an account with each of his 

 fields or altogether, with each of his cows or with the herd, 

 with each of his pigs or altogether, with each of his sheep or 

 with the whole flock, &c. 



The word " To " prefixed to an entry indicates a charge or 

 debit ; the word " By " indicates a credit. 



Each entry should be made on the day the transaction 

 took place. 



The account should be cast and balanced at least once 

 every six months, and if not settled the balance brought 

 down, as above, when the account may be continued. 



BOOK-KEEPING BY DOUBLE ENTRY. 



Book-keeping by double entry is that form of keeping 

 accounts in which two entries are made in the Ledger for 



