Lyons Bookkeeping Ed of 1913 Parts I And Ii

Cover Lyons Bookkeeping Ed of 1913 Parts I And Ii
Lyons Bookkeeping Ed of 1913 Parts I And Ii
James Alexander Lyons
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Make out an invoice, make the entry, and file the invoice as in previous similar transactions.
Transaction No. 46 March 31. R. P. Smiddy has been attending to our draying for city deliveries, at a uniform rate of 10c for each package, with a minimum charge of 25c for each delivery. A bill for this work is left at our office today. (Incoming Paper No. 54. ) Mr. Raynor has O. K. 'd the bill as to work done. If the charges are correctly extended pay it by check. It is already receipted. Charge Exp
...ense.
The item is properly chargeable to Expense, rather than to Mdse. We charge freight and drayage on goods coming in to the Mdse. Account because these items constitute a part of the cost of the goods as laid down in the store. Freight and drayage on goods going out, however, are not part of the orig- inal cost of the goods, but are expenses incurred in the carrying on of the business.
Transaction No. 47 March 31. The bank delivers to Mr. Raynor to-day a statement of his account. This statement is accompanied by the checks that have been paid and canceled by the bank during the month.


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