The Bank Credit Investigator
The Bank Credit Investigator
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In our eReader you can find the full English version of the book. Read The Bank Credit Investigator 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 The Bank Credit Investigator
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As an illustration, let us consider the proper entry covering the purchase of a bill of merchandise which has been paid for in cash. By following the rule, the merchandise which comes into the business is debited and the cash which goes out is credited. The term merchandise, however, is a broadly used one and covers botli purchases and sales of merchandise, and in general business practice the use of the cap- tions "Purchases" and "Sales," as sep- arate accounts, is more commonly em- ployed. Sh...ould some of this mer- chandise later be sold for cash the entry would be just the reverse, name- ly, the cash account would then be debited and the merchandise, or more 58 Digitized by VjOOQ IC BANK CREDIT INVESTIGATOR properly the sales account^ credited.
As a further illustration^ let us consider the matter of wages or similar ex- penses. By following the above rule, wages would be debited as they cost the business value^ and the cash which goes out of the business would be credited.
Returning to tibe problem which is under consideration, we are informed that the partners' ccmtributions are as follows : Mr.
What to read after The Bank Credit Investigator?
You can find similar books in the "Read Also" column, or choose other free books by Prudden, Russell F to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As an illustration, let us consider the proper entry covering the purchase of a bill of merchandise which has been paid for in cash. By following the rule, the merchandise which comes into the business is debited and the cash which goes out is credited. The term merchandise, however, is a broadly used one and covers botli purchases and sales of merchandise, and in general business practice the use of the cap- tions "Purchases" and "Sales," as sep- arate accounts, is more commonly em- ployed. Sh...ould some of this mer- chandise later be sold for cash the entry would be just the reverse, name- ly, the cash account would then be debited and the merchandise, or more 58 Digitized by VjOOQ IC BANK CREDIT INVESTIGATOR properly the sales account^ credited.
As a further illustration^ let us consider the matter of wages or similar ex- penses. By following the above rule, wages would be debited as they cost the business value^ and the cash which goes out of the business would be credited.
Returning to tibe problem which is under consideration, we are informed that the partners' ccmtributions are as follows : Mr.
What to read after The Bank Credit Investigator?
You can find similar books in the "Read Also" column, or choose other free books by Prudden, Russell F to read onlineMoreLess
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