1920 (8) Harriet Terry receives an allowance of $2 a week from her father for lunches and small school expenses, but for articles of clothing she is given more. 3. Suppose some relative has made you a present of $10, which you are to spend exactly as you please. Make a list of the things you would buy and enter it in the cashbook. Find your balance, if any, as before. 4. (a) Keep a cashbook of your own account for a month. (b) Be careful to write in the cashbook each day exactly what you have received and what you have spent. (c) If you do not carry your cashbook with you all the time, it is a good plan to have a small notebook always with you and to make a memorandum of each item immediately upon receiving or spending any money. (d) Balance your account at the end of the month. Bring down your balance on the cash receipt side, ready for your second month's account. (e) What per cent of your total receipts is your cash balance? (f) Can you make it larger next month? (g) Why is keeping personal accounts a good habit to form? (h) Does your mother keep a record of her household expenses? If not, ask her to let you do it. (i) Your thrift depends not upon how much you have to spend, but upon what per cent of it you save. How thrifty are you? B. DOING BUSINESS ON A CASH BASIS I. Model-A Month's Business of a Grocer 1. (a) Every successful business man keeps an accurate account of his business day by day and month 1919 by month. Let us examine one man's record of a month's business. This man, E. W. Williams, has $3500 capital, which he decides to invest in the grocery business. (b) The following memorandum is a record of his first month's business: |