Public Accounting and Auditing...South-western publishing Company, 1920 - Accounting |
From inside the book
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Page 7
... customer in the customers ' ledger was overfooted $ 10.00 on both sides and the controlling account with " Accounts Receivable " in the general ledger showed an overfooting on both sides of the same amount . ( b ) The " Stationery and ...
... customer in the customers ' ledger was overfooted $ 10.00 on both sides and the controlling account with " Accounts Receivable " in the general ledger showed an overfooting on both sides of the same amount . ( b ) The " Stationery and ...
Page 10
... customers , creditors , and the proprietor . However , accounts are frequently kept with cash , merchandise , and a few other items of special interest to the firm . 2. The disadvantages of the system are : ( a ) Nominal accounts are ...
... customers , creditors , and the proprietor . However , accounts are frequently kept with cash , merchandise , and a few other items of special interest to the firm . 2. The disadvantages of the system are : ( a ) Nominal accounts are ...
Page 20
... customers through a process of testing , or , if necessary , to cor- respond with each customer to secure a verification of the account ; to determine a conservative and sound basis for the estimation of depreciation on all assets ; and ...
... customers through a process of testing , or , if necessary , to cor- respond with each customer to secure a verification of the account ; to determine a conservative and sound basis for the estimation of depreciation on all assets ; and ...
Page 22
... customers keeping a special customers ' cash book . All this subdivision of the work will depend upon the volume of business . The important feature is that the cash book and ledger be kept by different persons so that one person acts ...
... customers keeping a special customers ' cash book . All this subdivision of the work will depend upon the volume of business . The important feature is that the cash book and ledger be kept by different persons so that one person acts ...
Page 25
... customers ; accounts with cred- itors ; and accounts with owners or proprietors . Accounts with customers are usually classed as CURRENT assets . There might be an exception to this in the case of an open account , the terms of which ...
... customers ; accounts with cred- itors ; and accounts with owners or proprietors . Accounts with customers are usually classed as CURRENT assets . There might be an exception to this in the case of an open account , the terms of which ...
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Common terms and phrases
accounts payable accounts receivable accrued adjusting entries auditor bad debts Balance Sheet audit bank Blank Manufacturing bookkeeper books of account buildings C. P. A. Ind Capital Stock cash book certificate charged client columns contract controlling account corporation cost price creditors current assets current liabilities customers debit deducted dividends endorsement expenditures expenses fiscal period fixed assets included Income Tax Inst inventory investments invoices journal entries junior ledger accounts Liberty bonds ment merchandise method mortgage necessary negotiable instruments nominal accounts notes payable notes receivable paid par value payment preferred stock premium prepared Profit and Loss purchased real estate record reserve for depreciation sales ledger securities selling shares shown Sinking Fund sold statement stockholders subsidiary ledger Surplus tion trade transactions treasury stock Trial Balance trustee usually verify voucher XX XXXX.XX XX XXXXX XXXX.XX XXXX XXXXX.XX XXXXX.XX