AmMav?i903arm"l        Philadelphia  College  of  Pharmacy.  247 
What  is  the  meaning  of  the  insurance  terms,  policy,  premium,  good  risk, 
endowment  policy,  life  policy  and  joint-life  policy? 
F— Banks. — (1)  What  is  the  object  of  a  bank?  (2)  How  is  an  account 
opened  with  a  bank  ?  (3 )  Why  does  a  teller  require  a  person  drawing  money 
to  be  identified?  (4)  Why  is  a  bank  check  usually  drawn  "to  order"?  (5) 
What  means  are  employed  by  the  drawer  of  a  check  to  make  forgery  difficult? 
(6)  How  is  the  "raising"  of  a  check  made  difficult?  (7)  Why  is  it  necessary 
to  endorse  a  check  payable  to  order  exactly  as  the  name  is  spelled  upon  its 
face?  (8)  What  is  meant  by  a  certified  check?  (9)  Having  $608.  ro  on  deposit, 
draw  a  check  upon  the  "  Pharmacist's  Bank  "  for  $112.64,  omitting  no  neces- 
sary detail. 
G — Commercial  Terms. — Define  the  following  terms  :  (1)  Promissory  note. 
(2)  Draft.  (3)  P.  O.  Money  Order.  (4)  Will.  (5)  Executor.  (6)  Adminis- 
trator. (7)  Heir.  (8)  Deed.  (9)  Title  Insurance.  (10)  Mortgage.  (11) 
Lease.    (12)  Indenture. 
H — Law  Points  in  Business. — ( 1)  What  is  the  meaning  of  "Caveat  Emptor"? 
(2)  What  are  Statutes  of  Limitation  ?  (3)  What  risk  is  incurred  in  endorsing 
promissory  notes?  (4)  What  is  the  effect  of  an  endorser  writing  under  his 
signature  the  words  "  without  recourse"?  (5)  Why  should  bank  checks  be 
presented  promptly  for  payment?  (6)  What  is  meant  by  "Contributory 
Negligence"-?  (7)  When  is  commercial  paper  falling  due  on  Sunday  or  any 
other  legal  holiday  payable  ? 
J — Bookkeeping. — (1)  Describe  briefly  the  differences  between  Double  and 
Single  Entry  Bookkeeping,  mentioning  the  books  used  in  each.  (2)  How  can 
you  decide,  in  journalizing,  if  an  entry  is  to  be  made  on  the  debit  or  the  credit 
side  of  an  account?  (3)  What  is  meant  by  the  term  "trial  balance"?  (4) 
Can  the  trial  balance  be  relied  upon  for  proving  the  correctness  of  entries  in  a 
set  of  books  ?    Give  a  reason  for  your  answer. 
K — Bookkeeping. — The  entries  for  the  first  day  in  a  business  just  started  are 
as  follows.  .  Enter  each  item  in  the  proper  book,  posting  all  items  in  the 
ledger  : 
March  1,  1903. 
(Student)  commenced  business  with  a  cash  capital  of  $7,000. 
Bought  a  drug  store  from  J.  C.  Badger,  situated  at  Fifty-second  and  Market 
Streets,  for  the  sum  of  $8,000  (estimated  stock,  $6,300  ;  fixtures,  $1,500),  on  the 
following  terms  :  Cash,  $4,000  ;  note  payable  to  J.  C.  Badger  in  two  years  for 
$1,500,  and  a  second  note  payable  to  J.  C.  Badger  in  four  years  for  $2,500. 
March  1st. 
Bought  of  Parke,  Davis  &  Co.,  supplies  as  per  invoice,  $273.40.  Sold  Mrs. 
C.  S.  McEntire,  R  56720,  75  cents;  R  56721,  40  cents  ;  oxygen  cylinder  and 
inhaler,  $8.75.  Sold  Mr.  William  Morrison,  sponge,  $2.50;  air  cushion,  $3.00. 
Paid  for  soda-water  supplies,  $13.50.  Paid  a  premium  of  $35  for  one  year's  fire 
insurance  of  $6,000  in  the  Pennsylvania  Fire  Insurance  Company. 
Cash  retail  sales  for  the  day,  $67.14. 
QUANTITATIVE  ANALYSIS. 
(1)  Briefly  describe  the  analysis  of  the  alloy  brass,  stating  the  conditions  of 
precipitation  of  the  several  constituents  and  the  composition  of  the  same  when 
weighed. 
