This is supposed to be bought by the long cut. (120 lb.) agreeably to the general prao

tice.
Vide Example of a Partnership Concern, p. 189.

In this concern, the entries of Cash are not made in the Cash-Book; this being only a general statement of transactions supposed to have taken place before the opening of these Books.

* The Ledger has an Alphabetical Index, showing at one view, in what folio any per
son's account may be found.

EXAMPLE OF A PARTNERSHIP CONCERN.

John Herdson and I have been engaged in a joint concern as purveyors of oats for the
army. I have purchased oats for the joint stock to the amount of £26..11. J. H. has paid
for oats purchased by him, £449..0..3. I have received for oats that have been disposed
of, £507..9..2.; and my partner has received from the same source, £55..2..8. I have
advanced to him at different times £433..17.; and have paid for warehouse room and
other sundry expenses £1..13..8.-From these general heads, collected from the particu-
lars recorded in the Granary Book, it is required to state the transactions.

It may perhaps be interesting to the learner, to be informed, that the above was a real
occurrence; for an accurate statement of which the writer was some time since applied
to by the parties concerned.

• When an account is balanced, a double line is drawn through the money columns, both on the Dr. and Cr. sides of the Ledger; as in J. Herdson's account, above.