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It will be observed by noticing the entries made in the Day-Book, that each person is made Dr. to the articles pur chased or cash paid, and Cr. by articles or cash received.

The numbers in the left-hand column indicate the number of the page in the Leger to which the entry is transferred.

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In forming the Leger, we commence with the first charge in the Day-Book against Thomas Smith. Instead of debiting with each item specified in the Day-Book, we make him Dr. to “sundries," carrying forward the whole amount, $68.50. The figure 1 before the amount shows the page of the Day-Book on which the items included in the debit are enumerated. On page 2 of the Day-Book the name of Thomas Smith again occurs in a credit of $50. This is placed on the Cr. side of the Leger. The operation of

transferring the charges from the Day-Book to the Leger is called posting. At stated periods, say once a month, the accounts in the Leger are balanced; that is, the difference between the Dr. and Cr. sides are taken in each account, the Dr. side being charged with this difference when the Dr. side is less, and the balance carried forward to the next month as a credit; or the reverse, should the Cr. side be less. Thus, in the account of Thomas Smith, the balance against him is $18.50. He is credited with this balance,by which means the account for the month is balanced, and a charge is entered against him for the next month of this balance.

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The entries in the Cash-Book are also made from the Day-Book. We run over each entry in the Day-Book, and note whenever Cash is paid or received. The first cash entry is on page 2 of Day-Book, in which W. Collins is. credited with $52.25. This being received, Cash is made Dr. to $52.25. The amount paid to J. W. Ross, is carried into the Cash-Book, as a credit to Cash. The balance being struck as the Leger accounts, the amount of cash on hand, Nov. 30, is $18.13, with which Cash is accordingly charged,

BOOK-KEEPING BY DOUBLE ENTRY.

The number and kinds of books kept in Double-Entry Book-Keeping depend upon the extent and character of the business of the house.

The ordinary and most essential books in an extensive business-house are the following:

1. Day-Book, or Blotter, in which are entered, as they occur, the transactions of each day.

2. Journal, which is a condensed transcript of the Blotter, so arranged that every debit shall have its corresponding credit, and every credit its corresponding debit.

3. Leger. Corresponding with the Leger in single-entry book-keeping.

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