BOOK-KEEPING. 



./ 



■QURNAI.. 



i-Oiio ul 



Ledger. 



L.OSDON, y<in. 1, it)Oj. 



John Smith Dr. to Stock, £. lOO 

 I'or Balance of old Account - 



Cloth Dr. to John Smith, £.60 - - 

 For 80 yards, bought at 15s. per yard 



3- 



'James Taylor Dr. to Cloth, £. ^^, 

 For 60 yards, at iSs. 4d. per yard - 

 4-- 



?a/& Dr. to James Taylor, £. 40 

 Received of him on account 



Rules for pofling the Journal into the Ledger. 



The ledger being ruled with the Dr. fide to the left, and 

 the Cr. lide to the right, (as before defcribed) let there be a 

 fpace allotted to the left of each page, for the day of the 

 month, and to the right, for the page of the journal from 

 whence each account is taken. 



The accounts are moftly opened in the ledger, accord- 



ing to the order in which they ftand in the journal ; thii is 

 not, however, clfintial to the truth of the work, but it is 

 the moll regular method, and the moft clear to learners. 

 The ftock account Hands firft, and, like all other accounts, 

 is debited^or credited as journali/ed. 



Here ilock is Cr. by John Smith ; then, for the fecond 

 entry, John Smith is Dr.io ftock, for every 2>r.muft have 

 a Cr. and every Cr. a Dr. 



By the fame rule the other accounts are entered twice in 

 the ledger ; firil, in the diredl way, as they ftand in the jour- 

 nal, and then revtrfed. Thus, the fccond day's account is 

 polled. Cloth Dr. to John Smith, and then John Smith 

 Cr. by Cloth, 



In the fame manner the third 'and fourth day's accounts 

 are pofted ; James Taylor is debited to Cloth, and Clotli 

 credited by James Taylor ; Cafli is next made Dr. to James 

 Taylor, and James Taylor Cr. by Cafti. 



Here it may be oblerved that, when an account is once 

 opened in the ledger, every following lranfa£tion which 

 concerns it, muft be brought back, and entered there on the 

 proper fide, as an account is never opened twice, though it 

 may be transferred for want of room. 



LEDGER. 



1805. Stock. 



Jan. I. 



Jan.2 



Jan. 3. 



Cloth Dr. 



To John Smith, 80 yards, at 15s. 



f- yard - - - - - . . 



To Profit and Lofs - . . - - 



Jan. 4. 



Dr. 



To Balanci for the Net of my Estate 



John Smith 

 To Stock 



Dr 



James Taylor Dr. 



To Cloth for 60 yards, at i8s. 4d. 

 f yard - - ..-.-. 



Cafi 



To James Taylor 



Dr 



Profit and Lofs 

 To Stock gained 



Dr 



Balance 



To John Smith 

 To Cloth - - 

 To James Taylor 

 ToCafli - - - 



Dr 



£ 

 no 



100 



60 

 10 



o. o 



5.5 



40 o 



40 o 



J5 o 



'.I ° 



40 o 



1 lO o 



1805. 



Jan. I. 



Per Contra, 



By John Smith - 

 By Profit and Lofs 



Cr. 



I Per Contra, 

 Jan. 2. By Cloth - 

 By Balance - 



Jan. 4. 



l£. 



Per Contra, Cr. 



By James Taylor, 60 yards, at iSs. 4d 

 By Balance utfold, 20 yards, at 15s. 

 80 



Per Contra, 

 ByCafh - . 

 By Balance - 



Cr. 



100 



10 



no o o 



d. 



60 



40 



too 



o o 



( 



o o 



o o 



Per Contra, 

 By Balance - 



6V. 



Per Contra, 

 By Cloth - 



Cr. 



Per Contra, Cr. 



By Slock for the Net of my EJlate - J 



40 o o 



40 



