Old Portraits and Modern Sketches

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Read Books, 2007 - 272 pages
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...

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About the author (2007)

Whittier, the Quaker poet, was a "man of peace" but also "the poet militant." While his nonconformist religion demanded passive resistance in the physical arena, he was vigorous in opposition to slavery and the enemies of democratic principles. Born near Haverhill, Massachusetts, and educated at local schools, Whittier became editor of several country newspapers and in 1831 published his first book, Legends of New England in Prose and Verse. This was followed by a number of volumes of poetry, nearly 20 between 1836 and the outbreak of the Civil War, but a literary life was not uppermost in Whittier's mind during these turbulent years. Having been drawn into the antislavery movement by William Lloyd Garrison and others, Whittier became one of the most effective voices in the fight against slavery through his poetry and other writings. He himself said that he "set a higher value on his name as appended to the Anti-Slavery Declaration in 1833 than on the title page of any book." It has been said that his Voices of Freedom (1846), raised in the cause of abolition, was second only to Uncle Tom's Cabin in influencing the public against slavery. Following the war, Whittier felt free to turn his primary attention from politics to other themes and matters in his poetry, most successfully to the New England folk life that he had known so intimately during his years in rural Massachusetts and which is reflected in Among the Hills (1869). Snow-Bound: A Winter Idyl (1866) is a long poem celebrating those rural values that Whittier had known in his youth but that were now vanishing before the industrial and urban forces that were transforming the American landscape and, some feared, character. In this, one of the most popular poems of nineteenth-century America, Whittier seeks in his personal past, as Robert Penn Warren pointed out, "not only a sense of personal renewal and continuity, but also a sense of the continuity of the new order with the American past." Other poems of high merit from these later years include "Abraham Davenport" (1866), the exquisite "Prelude" to Among the Hills (1868), and "In School-Days" (1870). 020

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