Adjustments Through Elimination Including a Detailed Explanation of Why Trail B
Adjustments Through Elimination Including a Detailed Explanation of Why Trail B
Charles Edmund Freeman
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By this plan each item of increase or decrease w r ould appear in direct connection with the original entry by being written on a line opposite the entry which caused the variation. 73. In offices where only one ledger is in use, the plan of using a controlling account, referred to in Art. 72, would serve to govern the ledger as a whole ; while in offices where a general ledger contains a controlling account for each of the other ledgers in use by what has been termed the "Sectionalized Account... System, " and in which there is no controlling account for the general ledger, the general ledger itself could be controlled through the plan herein explained. 74. It should be noted that in all applications that have been so far made of the principles involved, consideration has been given to entries consisting of one debit and one credit item only, as indicated in Art. 25. The possibility, however, of several debit, or several credit items appear- ing in one or both sides of an original entry makes a special and separate treatment of this class of entries necessary in so far as the items of which they are composed are affected by the conditions indicated by the posting checks.
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