Bookkeeping for Modern Business
Bookkeeping for Modern Business
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What reading level is Bookkeeping for Modern Business book?
To quickly assess the difficulty of the text, read a short excerpt:
The balance of the Interest Earned account is transferred to the Profit and Loss account at the close of the business period.
Exercise for the Student Exercise 89 Prepare a ledger account for the following transactions.
February 1. Received $318. 00 from F. E. Clark, in payment of his note and interest due to-day. Face of note $300. 00, interest, $18. 00.
5. Received interest on a loan, $10. 50.
8. Received interest on an overdue account, $14. 25.
Interest Paid Account The object of keeping an ...Interest Paid account is to show the amount of interest paid by the business for the use of mone^^ Illustrative Exercise Transactions relative to the Interest Paid account.
January 1. Paid our note and interest due to-day, $510. 00. Face of note $500. 00, interest $10. 00. 5. Paid interest on our note due to-day $6. 00. 9. Paid John Colmer interest on our overdue account, $4. 25.
172 Illustration 145 BOOKKEEPING FOR MODERN BUSINESS ^. '^a-i^^yU
What to read after Bookkeeping for Modern Business?
You can find similar books in the "Read Also" column, or choose other free books by John George Kirk to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The balance of the Interest Earned account is transferred to the Profit and Loss account at the close of the business period.
Exercise for the Student Exercise 89 Prepare a ledger account for the following transactions.
February 1. Received $318. 00 from F. E. Clark, in payment of his note and interest due to-day. Face of note $300. 00, interest, $18. 00.
5. Received interest on a loan, $10. 50.
8. Received interest on an overdue account, $14. 25.
Interest Paid Account The object of keeping an ...Interest Paid account is to show the amount of interest paid by the business for the use of mone^^ Illustrative Exercise Transactions relative to the Interest Paid account.
January 1. Paid our note and interest due to-day, $510. 00. Face of note $500. 00, interest $10. 00. 5. Paid interest on our note due to-day $6. 00. 9. Paid John Colmer interest on our overdue account, $4. 25.
172 Illustration 145 BOOKKEEPING FOR MODERN BUSINESS ^. '^a-i^^yU
What to read after Bookkeeping for Modern Business?
You can find similar books in the "Read Also" column, or choose other free books by John George Kirk to read onlineMoreLess
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