The book Principles, Rules And Definitions for Bookkeeping was written by author Goodyear, Lloyd E Here you can read free online of Principles, Rules And Definitions for Bookkeeping book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Principles, Rules And Definitions for Bookkeeping a good or bad book?
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On the debit side, the first money column is re-, served for current receipts, which are extended by totals into the second column, when deposits are made ; the amounts extended should agree with the deposit tickets. It is usually possible to deposit all cash receipts, and this should be done as a rule. Note.^-At the end of the month, any cash left over after banking hours, should be entered on a deposit ticket, and de- posited separately from the receipts of the following day, thus enabling th...e bookkeeper to extend all receipts of the month into the second, or deposits, column. Digitized by Google 126 RULES On the right, the payments,, which are all by check, are entered in the first column and extended into the second column, from time to time, to compare with the deposits. The difference between the second columns of the two pages is the balance of cash in bank. Entries in the cash book should show from whom cash is received and to whom cash is paid. This is the most natural thing to write when paying or receiving cash, and definitely locates the peri^ons dealt with.
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