Accounting Elements |
Common terms and phrases
accounting expression accounting period accounting treatment Accounts Payable Accounts Receivable Accrued on Notes Advertising Amount Day Amount Amount Day Title asset Cash Balance Sheet bank Beaver Black Fox Building Capital Account Cash Discount Cash Sales cent cetera close Controlling account cost creditor customers Day Amount Day debit debt debtor deferred Delivery Equipment Doubtful Accounts entry Equation of Business expense account G. E. Dunn gross profit income increase Interest Accrued Interest on Notes investment invoice Journal Ledger titles liabilities Lord & Taylor Loss Account Loss Statement Mdse ment month Narrative for Demonstration Net Profit Notes Payable Notes Receivable Office Equipment Office Salaries owner ownership Paid cash payment Profit and Loss Purchases recorded Rent Reserve for Depreciation result Rice & Snow Robert Mayhew Robert W Salesmen's Salaries Sold merchandise Store Fixtures Supplementary Exercise Thomas Reed tion Total transfer Trial Balance
Popular passages
Page 311 - Title required to entitle it to engage in the business of banking; and shall cause to be made and attested by the oaths of a majority of the directors, and by the president or cashier of the association, a statement of all the facts necessary to enable the Comptroller to determine whether the association is lawfully entitled to commence the business of banking.
Page 310 - Associations for carrying on the business of banking under this title may be formed by any number of natural persons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Page 310 - There shall be in the Department of the Treasury a bureau charged with the execution of all laws passed by Congress relating to the issue and regulation of national currency secured by United States bonds...
Page 311 - ... every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares, and no change shall be made in the articles of association by which the rights, remedies, or security of the existing creditors of the association shall be impaired.
Page 310 - ... specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with...
Page 310 - The persons uniting to form such an association shall, under their hands, make an organization certificate, which shall specifically state: First. The name assumed by such association; which name shall be subject to the approval of the Comptroller of the Currency.
Page 321 - The shareholders of every national banking association shall be held Individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, In addition to the amount Invested In such shares...
Page 321 - Shareholders of every national farm loan association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of stock owned by them at the par value thereof, in addition to the amount paid in and represented by their shares.
Page 310 - Second. The place where its operations of discount and deposit are to be carried on, designating the State, Territory, or district, and the particular county and city, town, or village.
Page 257 - Capital stock is the sum fixed by the corporate charter as the amount paid in, or to be paid in, by the stockholders, for the prosecution of the business of the corporation, and for the benefit of corporate creditors.