230 KEEPING ACCOUNTS. 



every one in the Day-Book ; one a charge, or debit, and the 

 other a credit. Thus you not only charge the party who 

 receives from you, but you credit that department of 

 your business from which, whatever it is, is received. 

 You keep an account with as many different departments of 

 your business as you deem necessary. A farmer might 

 keep an account with his herd, with wheat, rye, corn, grass, 

 hay, and other crops, or different tields, separately or toge- 

 ther, under the head of " Farm." Where the time required 

 can be spared, we think it desirable to keep accounts by 

 double entry with every department of a business, down to a 

 very minute detail, because where books are kept by this 

 system, you can turn to any account and ascertain at a 

 glance its condition ; that is, how much money you have 

 spent on it, and how much it has returned you, and what 

 balance is for or against it. The books necessary to be used 

 in keeping accounts by this system are two, the Day- Book 

 and Ledger. A third, called a Journal, is sometimes used 

 intermediary between the Day-Book and Ledger ; but we 

 consider it much more trouble than benefit, and therefore 

 think best entirely to dispense with it. 



The Day-Book is ruled with two dollar and cent columns 

 on the right hand side, and one column on the left hand 

 side, in which the page of the Ledger is entered when the 

 account is transferred to the Ledger. 



The Ledger is generally ruled, as in the example given 

 below ; the name of the account is written across the top of 



