The Theory of Accounts Containing the Essentials of Bookkeeping And Forms of Hi
The Theory of Accounts Containing the Essentials of Bookkeeping And Forms of Hi
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It cannot be made binding in law. So a receipt given in full of an account, when only a part of the account was paid, is not binding, unless the account was under dispute and a comprornise was agreed upon, or unless it was paid before the time agreed upon, or paid in a place or man- ner not agreed upon ; in which case the deviation from the contract could be taken as the re- mainder of the consideration.
MARGINAL RECORDS.
The business forms printed for general use are bound in books of convenie...nt form and size, and so arranged that single sheets can be torn out and used. On the left margin of each sheet is a blank space that remains in the book, with a memorandum of the sheet that is torn out. This margin is called the stub of the note, check, or draft, and the important facts that should be re- corded on the stub are the date and number of the paper, to whom issued, the amount, and for what it was given.
Thus, if Johnson & Turner had given their check No. 13 to Oscar Simmons for rent one month, the check and stub would be filled out as follows : 12 [Check and its Mafgin) ^^t-Ji 189 -• No.
What to read after The Theory of Accounts Containing the Essentials of Bookkeeping And Forms of Hi?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Horatio Goodyear to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It cannot be made binding in law. So a receipt given in full of an account, when only a part of the account was paid, is not binding, unless the account was under dispute and a comprornise was agreed upon, or unless it was paid before the time agreed upon, or paid in a place or man- ner not agreed upon ; in which case the deviation from the contract could be taken as the re- mainder of the consideration.
MARGINAL RECORDS.
The business forms printed for general use are bound in books of convenie...nt form and size, and so arranged that single sheets can be torn out and used. On the left margin of each sheet is a blank space that remains in the book, with a memorandum of the sheet that is torn out. This margin is called the stub of the note, check, or draft, and the important facts that should be re- corded on the stub are the date and number of the paper, to whom issued, the amount, and for what it was given.
Thus, if Johnson & Turner had given their check No. 13 to Oscar Simmons for rent one month, the check and stub would be filled out as follows : 12 [Check and its Mafgin) ^^t-Ji 189 -• No.
What to read after The Theory of Accounts Containing the Essentials of Bookkeeping And Forms of Hi?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Horatio Goodyear to read onlineMoreLess
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