article, as in the Day-Book, we merely say, To Sundries, and enter the amount
m the proper columns. This charge being thus posted, we write the page of
the Leger, viz. 1, in the left-hand column of the Day-Book, and opposite to it
a X, to show more distinctly that the charge is posted. We then pass a finger
carefully over the names, till we again come to the name of James Murray, Jr.,
which we find on the second page; but, as this is credit, we enter it on the
credit side, with the date and page in their proper columns. We then enter the
Leger-page and cross, as before, and then proceed again in search of the same
name, until every charge and credit is transferred into the Leger. The next
name is to be taken and proceeded with in the same way as the first; and so
continue till all the accounts are posted.
As it is uncertain how extensive an account may be when once opened, it is
better to take a new page for every name, until all the Leger pages are occupied.
By this time, it is probable, several accounts will have been settled; we may
then enter a second name on the same pages, and so continue till all the pages
are full.
Whenever any account is settled, the amount of the balance is ascertained,
and the settlement entered in the Leger. The settlement may also be entered
in the Day-Book; and many practise this, although it is not essentially necessa
ry. But it is essentially necessary that one, if not both, the books, should show
how every account is settled, whether by cash, note, order, goods, or whatever
way the amount or balance is liquidated.
N. B.-In making out bills, the Leger is used as a reference to the charges in
the Day-Book, which must be exactly copied.