Bookkeeping for Beginners

Cover Bookkeeping for Beginners
Bookkeeping for Beginners
Beatrice Brackenbury
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What do you understand by the following : Current Account, Audit, Bad Debt, Bank Book ?
2. Rule a Postage Book showing six entries of expenditure, having 5s. In hand to start with.
3. Give a list of books a tea merchant would use, and say where items from each book would be posted, on the debit or on the credit. How would he check himself to see that he had posted all entries correctly ?
4. A man has cash in hand 40 8s. 6d. , Cash in the Bank 200, Stock on hand valued at 75, Money owing to him
...137 10s. Qd. , Amounts owing by him 452 18s. 6d. , and he wants to open his books in a concise manner so as to enable him to carry on his business, ascertaining at the end of the year his position by means of a Trial Balance. Show what accounts he must open, and give your reasons.
7.
1. Explain : Commission, Credit, D. B. , Depreciation, E. And O. E.
2. What do you understand by " Capital " ? How is this dealt with in a set of accounts ? Give reasons for your answers.
3. Of what use is a " Eeturns " Book, and of how many kinds are there ?


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