This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ... (6) Columns for Discount on Purchases and Discount on Notes on the same side of the Cash Book; (c) Columns for Discount on Sales and Cash Sales on the debit side of the Cash Book; (d) Departmental columns in the Sales Book and in the Purchase Book. Controlling Accounts.--The addition of special columns in books of original entry makes possible the keeping of Controlling Accounts. The most common examples of such accounts are Accounts Receivable account and Accounts Payable account. These summary accounts, respectively, displace individual customers' and creditors' accounts in the Ledger. The customers' accounts are then segregated in another book called the Sales Ledger or Customers' Ledger, while the creditors' accounts are kept in the Purchase or Creditors' Ledger. The original Ledger, now much reduced in size, is called the General Ledger. The Trial Balance now refers to the accounts in the General Ledger. It is evident that the task of taking a Trial Balance is greatly simplified because so many fewer accounts are involved. A Schedule of Accounts Receivable is then prepared, consisting of the balances found in the Sales Ledger, and its total must agree with the balance of the Accounts Receivable account shown in the Trial Balance. A similar Schedule of Accounts Payable, made up of all the balances in the Purchase Ledger, is prepared, and it must agree with the balance of the Accounts Payable account of the General Ledger." The Balance Sheet.--In the more elementary part of the text, the student learned how to prepare a Statement of Assets and Liabilities for the purpose of disclosing the net capital of an enterprise. In the present chapter he was shown how to prepare a similar statement, the Balance Sheet. For all practical...

Washington Irving's collection 'The Complete Short Stories of Washington Irving' is a literary treasure trove, showcasing the author's talent for crafting engaging narratives that continue to captivate readers today. Irving's work, including 'The Sketch Book of Geoffrey Crayon' and 'Tales of a Traveller,' blends elements of American folklore and European Romanticism, offering a unique perspective on early 19th-century literature. His use of humor, irony, and vivid descriptions creates a rich tapestry of storytelling, making each tale a delightful journey for the reader. This illustrated edition brings together some of Irving's most beloved works, including 'Bracebridge Hall,' 'The Alhambra,' 'Woolfert's Roost,' and 'The Crayon Papers,' providing a comprehensive overview of his contribution to the world of literature. The collection serves as a valuable insight into Irving's worldview and his ability to capture the essence of American identity through his writing. Fans of classic literature and historical fiction will find this anthology a captivating read, showcasing Irving's enduring legacy in the literary landscape.

Washington Irving's collection of short stories, 'The Complete Short Stories of Washington Irving,' provides readers with a delightful journey into the early 19th-century American literature. Through works such as 'The Sketch Book of Geoffrey Crayon' and 'Bracebridge Hall,' Irving showcases his ability to blend humor, fantasy, and social commentary in his narratives. His vivid descriptions of settings like The Alhambra and Woolfert's Roost immerse readers in rich, historical landscapes, making his stories enduring classics in American literature. Irving's charming and witty writing style captivates audiences with its intricate storytelling and vivid imagery, keeping readers engaged from start to finish. Washington Irving's background as a diplomat and writer influenced his work, allowing him to draw from his observations and travels to create authentic and engaging stories. His passion for storytelling shines through in this comprehensive collection, making it a must-read for anyone interested in classic American literature and historical fiction.