# A Simple Method of Keeping Books by Double-entry: Without the Formula Or Trouble of the Journal, Adapted to the Most Extensive Wholesale, Or the Smallest Retail Business : to which is Added a Number of the Most Rapid and Accurate Methods of Making Commercial Calculations

Tappan, Whittemore, & Mason, 1850 - 104 σελίδες

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Σελίδα 93 - Compute the interest on the principal sum, from the time when the interest commenced to the first time when a payment was made, which exceeds either alone or in conjunction with the preceding payment...
Σελίδα 96 - ... federal money. IT 79* To reduce federal money to any of the before named currencies, reverse the process in the foregoing operations ; that is, — Multiply the given sum in federal money by such fractional part as 1 dollar, in that currency to which you would reduce it, is of 1 pound. The product will be the answer in pounds and decimals of a pound, which must be reduced to shillings, pence and farthings, by inspection, as already taught, IT 77. EXAMPLES FOR PRACTICE. 1. Reduce \$118'25 to the...
Σελίδα 65 - ... to the debit or credit, as the case may be, of the Profit and Loss account, for the gain or loss upon that account.
Σελίδα 93 - ... is not to be used when the interest exceeds the payment ; for the effect, in such case, would be to give compound interest, which the law does not allow. To avoid this, the following rule has been adopted, by which every payment is first applied to keep down the interest ; but the interest is never allowed to form a part of the principal, so as to carry interest.
Σελίδα 7 - Of the efficiency of this system, the trading world in its infinite variety of commerce and concerns gives unanimous evidence. Into every well regulated manufactory, — into every extensive mercantile establishment in every part of the civilized world, — it has gradually, but peremptorily, forced its way ; and in this country is finding its way into mercantile establishments of humbler grades. The revenues of no government have been safely administered — the accounts of no government have been...
Σελίδα 7 - ... credit. The Origin of the science of keeping books by Double Entry has been a matter of much speculation by different writers on the subject, but nothing definite can be ascertained respecting it. McCulloch, in his Commercial Dictionary, says "it was first practised in Venice, Genoa, and other towns of Italy, where trade was conducted on an extensive scale at a much earlier date than in England, France, or other parts of Europe.
Σελίδα 2 - In the Clerk's Office of the. District Court of Massachusetts. Stereotyped by GEORGE A. CURTIS; NEW ENGLAND TYPE AND STEREOTYPE FOUNDRY. PREFACE. A FEW years since a friend showed me a little Album which she had named the " Fate Book," and filled with scraps of poetry, indicative of future good or ill.
Σελίδα 95 - States is \$4.44.44| to the Pound Sterling (£) or Twenty Shillings. RULE. — To reduce Sterling to Federal money at par. Multiply the pounds by 40 (the number of sixpences in a pound), add to this product the number of sixpences in the shillings and pence, and divide by 9 (the number of sixpences in a dollar), the quotient will be the answer in dollars and decimals of a dollar ; if any odd pence remain, take aliquot parts of a pound. What is the par value in federal money of £246.16.9? 246 40 9840...
Σελίδα 100 - To find each person's proportion of the gain or loss, multiply the whole gain or loss by each person's capital, and divide each product by the total investment.
Σελίδα 95 - Morocco owes its chief pre-eminence. EXCHANGE, a term that is used in reference to those transactions by which the debts of persons residing at a distance from their creditors are liquidated without the transmission of money ; being employed by merchants both to designate the bills or negotiable instruments by which transactions of this kind are conducted, and the varying price or course of such instruments in the market. The nature, constitution...