Public Accounting and Auditing...South-western publishing Company, 1920 - Accounting |
From inside the book
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Page 7
... column in pur- chases journal overfooted $ 10.00 . ( b ) The total of the column in the purchase journal known as " General Expense ... columns agreed with the " Total " column . Major Objects . The more important reasons for audits may.
... column in pur- chases journal overfooted $ 10.00 . ( b ) The total of the column in the purchase journal known as " General Expense ... columns agreed with the " Total " column . Major Objects . The more important reasons for audits may.
Page 10
... columns on a working sheet . ( c ) Errors which creep into the records are not easily detected . ( d ) A Balance Sheet can be made up only by an inventory of the assets and liabilities . ( e ) It does not provide for the determination ...
... columns on a working sheet . ( c ) Errors which creep into the records are not easily detected . ( d ) A Balance Sheet can be made up only by an inventory of the assets and liabilities . ( e ) It does not provide for the determination ...
Page 17
... columns . Fourteen columns is well adapted to the use of the Working Sheet and is therefore preferable . He will also need black , blue and red pencils , an eraser , a ruler , bank certificates in blank , time and expense report blanks ...
... columns . Fourteen columns is well adapted to the use of the Working Sheet and is therefore preferable . He will also need black , blue and red pencils , an eraser , a ruler , bank certificates in blank , time and expense report blanks ...
Page 52
... column on each side to a complicated form of cash journal containing all the transactions , either individually or in summary . Then , too , the cash book will be found divided , one being kept for receipts only and another for payments ...
... column on each side to a complicated form of cash journal containing all the transactions , either individually or in summary . Then , too , the cash book will be found divided , one being kept for receipts only and another for payments ...
Page 63
... columns in the cash book . C. P. A. Ohio . 4. If the actual cash on hand at the date of the Balance Sheet had not been verified by the auditor on the day of balanc- ing , what method should be employed to prove the correctness before ...
... columns in the cash book . C. P. A. Ohio . 4. If the actual cash on hand at the date of the Balance Sheet had not been verified by the auditor on the day of balanc- ing , what method should be employed to prove the correctness before ...
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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 XXXX.XX XX XXXXX XXXX.XX XXXX XXXXX.XX XXXXX.XX
Popular passages
Page 76 - Where the instrument is addressed to a drawee he must be named or otherwise indicated therein with reasonable certainty.
Page 78 - But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable time.
Page 126 - The cost of incidental repairs which neither materially add to the value of the property nor appreciably prolong its life...
Page 126 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered...
Page 78 - And a signature on a blank paper delivered by the person making the signature in order that the paper may be converted into a negotiable instrument operates as a prima Jade authority to fill it up as such for any amount.
Page 77 - An instrument which contains an order or promise to do any act in addition to the payment of money is not negotiable. But the negotiable character of an instrument otherwise negotiable is not affected by a provision which: 1. Authorizes the sale of collateral securities in case the instrument is not paid at maturity; or 2.
Page 77 - Does not specify the place where it is drawn or the place where it is payable ; or 4.
Page 90 - A contract to sell goods is a contract whereby the seller agrees to transfer the property in goods to the buyer for a consideration called the price.
Page 172 - A bill is negotiated when it is transferred from one person to another in such a manner as to constitute the transferee the holder of the bill. (2) A bill payable to bearer is negotiated by delivery. (3) A bill payable to order is negotiated by the indorsement of the holder completed by delivery.
Page 185 - Debt expense" means all expenses in connection with the issuance and sale of evidences of debt, such as fees for drafting mortgages and trust deeds: fees and taxes for issuing or recording evidences of debt cost of engraving and printing bonds, certificates of indebtedness, and other commercial paper...