A PRACTICAL SYSTEM OF BOOK-KEEPING, BY SINGLE ENTRY, FOR FARMERS AND MECHANICKS. BOOK-KEEPING is the method of recording business transactions. It is of two kinds, single and double entry; but as single entry is the simplest form, it is inserted here as best adapted to the use of farmers and mechanicks. It requires a Day-Book and Leger. Only a few examples are given, merely enough to show the learner the form and manner of keeping books, as it is expected that he will be required to compose similar examples, and insert them in a book for this purpose. Every person, who does not adopt some regular method of keeping his accounts, will be subjected to losses and inconveniences. DAY-BOOK. In this book there should be a clear and minute history of business transactions in the order of time in which they occur. At the head of the first page, the owner's name, and the town or city should be placed; after the first page, it will be sufficient to write only the month, day, and year, which should be done in a larger hand than the entries. This book should have head lines, with two columns on the right for dollars and cents, and one on the left for post-marks and references. LEGER. In this book all the scattered accounts of the Day-Book should be collected, and all that relates to each individual should be arranged into one separate statement, and placed or posted under his name on two opposite pages of the book, and the accounts entered in which he is debtor on the left hand page, with Dr., and those in which he is credit on the right hand page, with Cr. Every Leger should have an alphabetical index, in which the names of the several persons, whose accounts are kept in the Leger, should be written, and the page noted down. Jan. 5.1 For sundries, 1601||Jan. 25. 1 By shoes Cr. $c. 196 8 96 Cr. $c. [1600 Cr. $c. 3750 Jan. 8.1 By molasses, 1800 |