Page:Encyclopædia Britannica, first edition - Volume I, A-B.pdf/705

 B O O K - K E E P I N G. (E*, inquifitive merchant; and is therefore juflly efieemcd pany, if not yetdifchargsd, for value of goods; andtoCW/5, the for charges here, if paid by you, or to partner his accompt- the principal book of the three. It is called the Ledge;, word that fignifies art or dexterity), becaufe proper, if by him), idly. Each partner/j/V accompt-proper in(an itItalian artificial part of book-keeping chiefly appears. Dr x.0 ditto his accotnpt in company, for his (hare of laid The the Ledger, in oppofition to the fcattered order of charges. in the Wade-book, has all the particular articles Cafe 2. If you have return in bills, enteronce; namely, things of each accompt colleded and placed together ; and thar Cash, if remitted to you, and paid at fight, ^ Bills receivable, if remitted to you at ufance, V Dr in fucb a manner, as to have the oppofite articles (eparated, and fet fronting one another on oppofite fides Partner his accompt proper, if remitted to him, J TloFaftor our accompt current, for value of the bill. of the fame folio. Thus, the oppofite articles of the Cafe o,. If you or partner remit a bill to the fadtor, Ca(h-accompt are, the fums of money received, and the fums laid out ; which accordingly (land, the former onenteronce, viz. FaClor our accompt current XDt To Cash, or the Drawer, if remitted by you, 7 for value the Dr fide, and the latter on the Cr fide of the lame To Partner his accompt proper, if by him, 5 of the bill. folio. Again, in an accompt of goods, the prime cod and charges go to the Df fide, and the fales to the Cr Prob. 7. Z. Debtor and Creditor applied in admitting fide a new partner. and fo in other accompts. The entries to be made in admitting a new partner not The Ledger folios are divided into fpaces, for conbeing reducible to didindt cafes, we (hall explain the taining matter by a particular example. Suppofe then yourfelf, the titlestheofaccompts marked Dr on the left-hand as truflee, already in company with one partner A. each page, and Crtheon accompts, the right : Below which dand the arone half, for 300 /. a,nd that you agree with B. to ad- ticles, with the word To prefixed Dr fide, and the mit him as a third partner, upon his paying in 100/. as word By on the Cr fide. Upon theto the margin are recorded' his -f (hare of (lock ; upon this fuppofition, the entries the dates of the articles, in columns allotted for that pur. to be made are as follows. money-columns are thefame as in the other ijl. You may either let the accompt of Goods in com- pofe. The Before them dands the folio-column, which conpany (land as it is, till the goods are (old, or balance it, books. tains figures direfting to the folio where the correfpon. by charging Goods in company with A. and B. Dr to dent Ledger-entry of each article is made; fey every Goods in company with A. thing is twice entered in the Ledger, viz. on the Dr idly, Charge A. his accompt in company Dr to ditto fide of one accompt, and again upon the Cr fide of forae his accompt proper, 50 /. for his one half of the fale to B. other accompt; fo that thefe figures mutually refer from, idly. If B. prefentiy pay in his (hare of (lock, there one to the other, and are of ufe in examining the are three varieties. Ji, If he pay the whole to you, the Ledger. charge Caflo Dr to E. his accompt in company, too /. For the ready finding any accompt in the Ledger, it idly. If he pay the whole to A. charge A. his accompt an alphabet, or index, wherein are written the titlesproper. Dr to B. his accompt in company, 100. 1. idly. has of all accompts, with the number of the folios where they If he pay one half to you, and the other to A. charge dand. Sundries (viz. Cafh, 50 /. paid in to you, and A. his If the Ledger-accompts be numbered, 1, 2, 3, accompt proper, 50 /. paid to him) Drs to B. his ac- <bc.Not_e. according to their order ; thefe numbers may be incompt in company. in the Folio-column and Index, and pfed indead ^tkly. If B. do not pay in his (hare of (lock prefentiy, ferred folio figures. We have nambered the accompts then charge B. his accompt proper Dr to ditto his ac- ofof the Ledger, but have not made this ufe of ‘ compt in company, 100 /.; and when he pays, difcharge themthe; following our defign being only to refer, by means of them, his accompt praper, as above. to the Ledger-accompts as occafion. requires. III. Of the Ledger. The Ledger is the principal book, wherein all the fe- Ktnv the Ledger is filled up from the Journal. veral articles of each particular accompt, that lie feat- To tranfport immediately from ’he Wade-book to the tered in the other books according to their dates, are Ledger, would, as has been formerly obferved, be a comcolledted and placed together, in fpaces allotted for them, plex tafle, and require too great a meaiure of thought in fuch manner, that the oppofite parts of every kccompt and attention ; but the former being fird reduced to a are fet diredtly fronting one another, on oppofite (ides of Jonrnal, the transferring from it to the Ledger becomes the fame folio. eafy, and may be performed by the following The Ledger is the chief or principal book of accompts; RUL E S. as being that which immediately anfwers the end of bookkeeping For, as has been already obferved, the Jour- 1. Turn to the Index, and fee whether the debtor of' nal is only preparatory or introdudtory to the Ledger ; the Journal pod to be tranfported be written there: If it and the Wafle-boi k contains only the matter of accompts, be not, infert it under its proper letter, with the number without either the form or order ; whereas the Ledger folio to which it is to be carried. has all the perfeftion of form and order aimed at in book- of 2.theUpon the folio, and in the head of the fpace allotkeeping, affording a ready anfwer to all the demands of ted for the accompt, write the title in a large text lettar fo&r
 * by comparing of which, appears the gain or lofs :
 * on the head of which are written