Principles of Accounting
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In our eReader you can find the full English version of the book. Read Principles of Accounting Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Principles of Accounting
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Sales Salaries 5122. Advertising 5123. Delivery Expense 5124. Other Selling Expense 513. General and administrative expense accounts 5131. Rent 5132. Heat and Light 5133. Office Salaries 5134. Insurance and Taxes 5135. Other Office Expense 52. Other deductions from income 521. Interest on Notes Payable.
For the present, books of original entry to be used are (i) a journal, (2) a cash book, (3) a purchases journal, and (4) a sales journal. (For the forms of these books see illustrations in the c...hapter on the use of special columns in books of original entry. ) All cash transactions are to be entered in the cash book. All sales on account are to be entered in the sales journal. All purchases of merchandise on account are to be entered in the purchases journal. Other purchases on account are to be entered in the journal. It is anticipated that some sales may be made of farm equipment for which notes will be taken. In such cases the procedure will be to record the sale in the sales journal as a sale on account, and then to record the receipt of the note in the journal as a separate transaction, debiting notes receivable and crediting the customer.
What to read after Principles of Accounting?
You can find similar books in the "Read Also" column, or choose other free books by Albert Claire Hodge to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Sales Salaries 5122. Advertising 5123. Delivery Expense 5124. Other Selling Expense 513. General and administrative expense accounts 5131. Rent 5132. Heat and Light 5133. Office Salaries 5134. Insurance and Taxes 5135. Other Office Expense 52. Other deductions from income 521. Interest on Notes Payable.
For the present, books of original entry to be used are (i) a journal, (2) a cash book, (3) a purchases journal, and (4) a sales journal. (For the forms of these books see illustrations in the c...hapter on the use of special columns in books of original entry. ) All cash transactions are to be entered in the cash book. All sales on account are to be entered in the sales journal. All purchases of merchandise on account are to be entered in the purchases journal. Other purchases on account are to be entered in the journal. It is anticipated that some sales may be made of farm equipment for which notes will be taken. In such cases the procedure will be to record the sale in the sales journal as a sale on account, and then to record the receipt of the note in the journal as a separate transaction, debiting notes receivable and crediting the customer.
What to read after Principles of Accounting?
You can find similar books in the "Read Also" column, or choose other free books by Albert Claire Hodge to read onlineMoreLess
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