Calvin G. Hutchinson
Published: 2017-11-23
Total Pages: 244
Get eBook
Excerpt from The Principles and Practice of Book-Keeping: Single and Double Entry Mercantile Book-keeping is the recording of financial transactions in a systematic manner. The province of a text-book upon the subject is to explain the method by which certain classes of facts are to be recorded. To convey a knowledge of principles is the only way to make such an explanation clear, but only the inferior laws which govern the manner of recording, are to be considered; the superior laws which govern the facts themselves, belong to the study of Political Economy. The authors of this work have thought best to tell the Story of Accounts in an explanatory manner, illustrating the different topics by facsimiles of memoranda, drafts, notes, checks, account-books. Etc which the trader and merchant use in their daily business, - thus showing the instrument and explaining its nature and application at the same time. By this plan the teacher is left to question as he may find necessary, avoiding any set form of question and answer, which leads to the habit of memorizing, without a complete understanding. The first section of the book treats of the Elementary Principles under lying all account-keeping, showing how the farmer or mechanic can make a simple memorandum of his daily transactions either of sale or pur chase; how he may make a transfer of credit, receive and give notes and at any time take an inventory and valuation of his property. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.