BOOK-KEEPING. 



683 





Book- 198. And the difference of the two sides of the 



Keeping, jou,.,,^ together with the balances of the Numero- 

 r ~~ J book, will shew .' e gain or loss (balance-sheet, Le- 

 ger) ; for the credit side of stock countervails all the 

 effects the merchant has, and the debts due to him ; 

 as the debtor side countervails all the debts he owes ; 

 and therefore, if the debtor side of the Journal, with 

 the balances of the Numero-book, be greater, there 

 must be a gain : if it be less, there must be a loss. 

 In the same manner, if the amount of the debtor and 

 creditor sides of the stock account be added to the 

 balance-sheet, (as it is, 2d account, Leger, page 6.) 



the gain or loss will appear in the same manner. 

 The stock account also may be formed from the ba- 

 lance-sheet, as it is in the 3d account, Leger Balance. 

 199. Finally, to prove the correctness of the ba- 

 lance-sheet formed in the Day-books, there is nothing 

 necessary, but to shew that the difference of the tots 

 of the two sides of the Journal account is, and ought 

 to be the same, as the sum or the balance of the cash 

 and personal accounts in the balance-sheet of the 

 Leger. In the Leger, 2d account, the sum is the 

 same ; and all the other items are proved by inspec- 

 tion to be the same. 



Book- 

 Keepingi 



Index to the Day-Book. 



Henry, James, 3, 1 ; 3, 3. 



King, John, O. A. Ex. in Co. 1, 6; 1, 6; 1, 7; 2, 4: 2, 8. 



Ker, William, 2, 6. 



Kane, William, 3,5; 3, 8. 



King, John, H. A. 2, 8. 



Walsh, James, 1, 5; 2, 9; 3, 9. 



Runner, Robert, 1 ; 2, 9. 



S-ott, John, 2, 3 ; 2, 2. 



