Page:Encyclopædia Britannica, first edition - Volume I, A-B.pdf/702

 (*C) B O O K - K be fixed, the title may'be taken from the commodity they deal in, as Accojnpt in Wine-company t accompt in ‘Tobacco company, &c.; or from the place they trade to, as c mpt in Eafl-lnaia company*, tkc. Note ?, Inftead of si. B. my accompt proper, fome write A B. my accompt-currcnt ; fome too w rite A B. his accompt cur>ent and others title this accompt (imply by the tru(fee?s name. But the ugh the titles of accompts are in fome fort arbitrary, or as he me chant pleates, yet it is fuitable or congruous, that they Carry in them fome badge of diftin&ion, (hewing to whatclafs of accompts they belong. We now proceed to a pirticcjar application of Dr and Cr in 'he cafes that moft commonly occur on this head, which (hall be confined to the two problems following. Prob. x. Q;_ Debtor and Credi or applied, when you give in your Jhare ofJiode to the trujlee. Cafe i. If you give in ju(I your own part ; and that either, i. In money, or in goods preftntly bought for ready money ; or, 2. In goods prefently bought on time; or, 3. In goods already entered in your books, enter A. B. my accompt in company Dr To Cajh, if you give in money, or pay for goods, on. 4. To Seiler, if you buy goods on time. To Goods proper, if the goods were formerly your own. 2. If you find both your own part and the truftee’s, enter Sundries (viz. A. B. my accompt in company, for your own part, and A. B. my accompt proper, for his part) Drs. To Cash, if you give in money, or pay for goods, To Seller, if you buy the goods on time, To Goads proper, if you give in goods formerly your own, On. 9. g. If the truftee provide both your part and his own, enter A. B. my accompt in company Dr to ditto my accompt proper. And when you pay him, charge A. B. my accompt proper Dr to Cash. But if he demand intereft, make Sundries (viz. A. B. my accompt proper, for the debt, andNoteProfit and tor thevarieties intered) to Cash. 1. There mayyouLofs, he feveral in c.tf;Drs i. betides thole men-on tioned; 1. Whenyou givepartininother partmoney, money,partpart prefently bought time 2.as,inwhen givebought goodsgoods of your own. 3. When you give goods, part on time, part your own. 4 When von cive inwhich p ittcafes, money,enter part goods bought on time, part goods of A. B.fort;he my act fum o n t given in company to Sundrit Variety,r 1 TL rfo° ^ in, Drbought. StJer, for value of the goods, pro the fum givenvalue. in, Lro C-iGoodsJh, forproper, 3- pTo for valueforforoftheir the goods bought, ’ Lp TotoSeller, CnjGoodsh, forproper, the fum gi'their value, goods bought, LTolikeGoods proper,msly be fuppofed in_ cafe 2., In journalizing of Note 2.theThebelt varieties which, method is,notfier,rtfor the whole value Sundries, as in the former theaceompt' money,proper and goods given jn;i'y accompi and then,in company, in anotherforentry, charge part. A. B.ofmyAnd Dr to aitto I f the truftee’s whsn03.theU.truftee pavs you for his part, enter Caj T o Dr to A. B. my accompt proper, But aI If he payforyoutilealfodebtsintereft,td 1°make •v'r/. to A. B. my accompt proper, ProfitCajandh DrLofs,to Sundries, for tl»e intereft. Prob. 2 R. Debtor and Creditor applied, when goods in ootnpany are difpofed of, and you receive all or part of your Jloareof neat proceeds. Cafe u If you have advice of falea, and at the fame

E E P I N G. time receive your fliare of neat proceeds which may be either in money, bills, or goods; enter Cajh, Bills receivable, or Goods received, Dr to A. B my accompt in company, for value received, On. 9. and 20 2. If you have only advice of Tales on time, without receiving any thing, enter A. B. my accompt proper Dr to ditto my accompt in company, for your (hate of neat proceeds due to you ; and when you receive payment, charge Ctfh, Bills receivable, or Goods, Dr to A. B. my accompt proper, for valus received. But if the truftees had been obliged to allow abatement to the buyers, or had any of the debts outdanding proved bad, then, in this cafe if the accompt in company be. yet open, enter Sundries {viz Cajh Bills receivable &c. for the fum receivtd, and, A. B my accompt in company, for your (hare of the fum abated or loll) Drs to A. B. my accompt proper. If the accompt in company be balanced, charge Profit and Lojs Dr fpr your (hare of the abatement, or of the lofs. 3 If the goods are fold, part for ready money, part on time, and thereupon you receive your (hare of money received, enter Sundries {viz Cafly, for the fum you receive, and A. B my occompt proper, for your (hare of fales on time) Drs to A. B. my accompt in company. 4. If part of the goods only are fold, you may put off the booking of it till further advice; unlefs it be forready money, of which you immediattly receive your (hare: in which ca(e, enter Cajh Dr to A. B. my accompt jn company, for the fum you receive 5. If you withdraw your (bare of (lock, or any part of it, enter Cajh, or Goods withdrawn. Dr to A. Q my accompt in company, for the fum or value withdrawn, 6. If after the goods are difpofed of, you take up only your {hare of neat gain, continuing yonr (hare of flock as a fund for a new adventure, charge Cash Dr to Profit and Lofs, for the fum received, and let the accompt in compary (land as it is. B.t hereThismayisbetheotherordinary cafeCafesin1.fixed companies. NotN.e 1.viz. & proceeds, 2. belides mentioned; 1. You may receive,varieties as yourmfturc partthotemoney, part Cajh,andofandneat Billsthe receivable. 03. 9. " ” bill; and then! Sundries aresy,YouDrs, partmayviz. goods; then Drs are, O/yJ, receive part bill, part goods; and B. If thehimperfon get‘ the bill‘ have an "accomptWZVaT. in your Ledger,N. make Dr, andon notwhomBillsyoureceivable. 2. How a trujlee keeps the company's acootnpts in his own books. The Ledger acompts deferibed. A Truftee who keeps the company’s accompts in his own books, has occafion for the three Lcdger-accompts following, in which ^.5. reprefent your pa tner’s name. 1. Goods in company with A. B. o Sales in company with A. B. or particularly Sugar in company with A. B. This accompt is debited for the value of the goods brought into company, for all charges, and your commiffion: it is credited as you difpofe of the goods, in the fame manner as if the goods were your own. 2. A. B. his accompt in company. This is credited for your partner’s imputs, his (hare of charges, and'proportion of neat gain at clofe: it is debited for his (hareneatof