Tales of a Traveller - Life of Oliver Goldsmith

Capa
Read Books, 2007 - 532 páginas
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ... (6) Columns for Discount on Purchases and Discount on Notes on the same side of the Cash Book; (c) Columns for Discount on Sales and Cash Sales on the debit side of the Cash Book; (d) Departmental columns in the Sales Book and in the Purchase Book. Controlling Accounts.--The addition of special columns in books of original entry makes possible the keeping of Controlling Accounts. The most common examples of such accounts are Accounts Receivable account and Accounts Payable account. These summary accounts, respectively, displace individual customers' and creditors' accounts in the Ledger. The customers' accounts are then segregated in another book called the Sales Ledger or Customers' Ledger, while the creditors' accounts are kept in the Purchase or Creditors' Ledger. The original Ledger, now much reduced in size, is called the General Ledger. The Trial Balance now refers to the accounts in the General Ledger. It is evident that the task of taking a Trial Balance is greatly simplified because so many fewer accounts are involved. A Schedule of Accounts Receivable is then prepared, consisting of the balances found in the Sales Ledger, and its total must agree with the balance of the Accounts Receivable account shown in the Trial Balance. A similar Schedule of Accounts Payable, made up of all the balances in the Purchase Ledger, is prepared, and it must agree with the balance of the Accounts Payable account of the General Ledger." The Balance Sheet.--In the more elementary part of the text, the student learned how to prepare a Statement of Assets and Liabilities for the purpose of disclosing the net capital of an enterprise. In the present chapter he was shown how to prepare a similar statement, the Balance Sheet. For all practical...

Sobre o autor (2007)

Washington Irving, one of the first Americans to achieve international recognition as an author, was born in New York City in 1783. His A History of New York, published in 1809 under the name of Diedrich Knickerbocker, was a satirical history of New York that spanned the years from 1609 to 1664. Under another pseudonym, Geoffrey Crayon, he wrote The Sketch-book, which included essays about English folk customs, essays about the American Indian, and the two American stories for which he is most renowned--"The Legend of Sleepy Hollow" and "Rip Van Winkle." Irving served as a member of the U.S. legation in Spain from 1826 to 1829 and as minister to Spain from 1842 to 1846. Following his return to the U.S. in 1846, he began work on a five-volume biography of Washington that was published from 1855-1859. Washington Irving died in 1859 in New York.

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