BOOKKEEPING FOR GRAIN ELEVATORS. 9 



Elevators wliich lumdlo a greater iiunil)cr of side lines than the 

 number of sales columns provided on this form may obtain a dis- 

 tribution sheet from the publishers, and the totals of this sheet will 

 be entered each day in the Cash Journal. 



ACCOUNTS RECEIVABLE. 



A column captioned Accounts receivable, is provided on the debit 

 side of the Cash Journal, in which are entered all debits to the personal 

 accounts. At the end of the month the total of this column is posted 

 to the debit of the Accounts receivable control account in the General 

 Ledger, and the detail is posted to the debit of the personal accounts 

 in the Accounts Receivable Ledger. In the Accounts receivable 

 column on the credit side will be entered collections on local accounts. 

 These items will be posted in detail to the credit of accounts in the 

 Account Receivable Ledger, and the total of the column for the month 

 will be posted to the credit of the Accounts receivable control account 

 in the General Ledger. 



CASH. 



Casli Recei'pts. — In order to account properly for all currency re- 

 ceived, the use of the Cash Receipt (Form No. 14, p. 47) is advised. 

 These receipts may be filed conveniently until such time as they can 

 be entered in the Cash Journal, which should be at least once each 

 day. 



In order that an accurate check may be maintained on the amount 

 of money received, and an identical amount may be deposited each 

 day, aU cash receipts of whatever nature, as well as drafts drawn 

 on commission companies, wiU be entered in the Cash column. The 

 source of each item of cash thus received wiU be indicated by an 

 entry of a similar amount, or several amounts aggregating this 

 total, in the proper columns on the right-hand page. The' entries 

 in the Cash column are totaled before each deposit. All cash must 

 be deposited before the books are posted at the end of the month. 



Bank deposits. — In order that the deposits shown in the bank 

 pass book may be verified readily, the actual amount of each deposit 

 is entered in the Bank deposit column, the Cash column being ruled 

 beneath the last item included in the deposit. The total of this 

 column for the month is posted to the debit of the Bank account 

 in the General Ledger. 



Bank withdrawals.' — The number of each check issued should be 

 entered in the Check number column, and the am^ount in the Bank 

 withdrawals column. The total of this column for the month will 

 be posted to the credit of the Bank account in the General Ledger. 



Each item of bank withdrawals will be balanced by an entry on 

 the debit side of the Cash Journal either under Merchandise purchases 



134432°— 19 2 



