Mann's Agricultural Bookkeeping Instructor
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31st — Sold 3 pounds of Butter to the huxter (a) 20c per pound, took groceries nmnunting to $2.00. and paid cash $1.00.
Helpful Explanations to Some of the Most Difficult Transactions In this set of transactions Cash Account is debited or credited for Cash in all of its forms.
See Definition 13. But when we say "Cash received or paid out" we mean Currency. If Cash in any of its other forms is received or parted with, they are also designated.
In making debits and credits in the Journal for the ...inventory taken Jan. 1st, 1911. del)it Cash, Real Estate, Bills Receivable, Ralph Taylor, Andrew Hamlin and Equipment Ac- counts, because those persons and accounts owes the Proprietor the respective amounts for which they are debited. Credit Proprietor for $16,582.00 because that is his investment.
Debit Proprietor for $150.00 becatise he owes that amount when the books are opened.
Credit Frank Adams for $50.00 because the Proprietor owes him that amount. Credit Bills Payable for $100.00 because the Proprie- tor has a note outstanding for that amount.
What to read after Mann's Agricultural Bookkeeping Instructor?
You can find similar books in the "Read Also" column, or choose other free books by Mann, Jasper Dalton. [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
31st — Sold 3 pounds of Butter to the huxter (a) 20c per pound, took groceries nmnunting to $2.00. and paid cash $1.00.
Helpful Explanations to Some of the Most Difficult Transactions In this set of transactions Cash Account is debited or credited for Cash in all of its forms.
See Definition 13. But when we say "Cash received or paid out" we mean Currency. If Cash in any of its other forms is received or parted with, they are also designated.
In making debits and credits in the Journal for the ...inventory taken Jan. 1st, 1911. del)it Cash, Real Estate, Bills Receivable, Ralph Taylor, Andrew Hamlin and Equipment Ac- counts, because those persons and accounts owes the Proprietor the respective amounts for which they are debited. Credit Proprietor for $16,582.00 because that is his investment.
Debit Proprietor for $150.00 becatise he owes that amount when the books are opened.
Credit Frank Adams for $50.00 because the Proprietor owes him that amount. Credit Bills Payable for $100.00 because the Proprie- tor has a note outstanding for that amount.
What to read after Mann's Agricultural Bookkeeping Instructor?
You can find similar books in the "Read Also" column, or choose other free books by Mann, Jasper Dalton. [from Old Catalog] to read onlineMoreLess
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