The book An Ideal Accounting System for a Retail Bookstore was written by author De Witt Carl Eggleston Here you can read free online of An Ideal Accounting System for a Retail Bookstore book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is An Ideal Accounting System for a Retail Bookstore a good or bad book?
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From the general ledger the balance sheet and profit and loss statements are made up at the close of each month. Accounts Receivable Ledger When there are a good many charge customers it is a good plan to remove the customer's accounts from the general ledger and place them in a separate ledger. The accounts receivable ledger, as the customers' ledger is called, should be loose leaf in form. The customers' ledger sheets should be arranged behind alphabetical index guides for convenience in refe...rence. A controlling account must be inserted in the general ledger. At the close of each month a trial balance of accounts payable ledger should agree with the balance to the controlling account in the general ledger. Cash Book The "Ideal Accounting System for Retail Book Stores" should provide for using a columnar form of cash book. The operation of the general accounts receivable and accounts payable ledgers in accordance with the plan above outlined requires that the cash book be operated in a certain prescribed fashion.
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