A BOND FOR TWO PERSONS, WITH A CONDITION. KNOW ALL MEN BY THESE PRESENTS, THAT, We, James Wilson and Thomas Ash of the City of Hartford and State of Connecticut, are held and firmly bound unto John Pickens of the Town of Waterbury, County of New Haven and State of Connecticut, in the sum of Eighty dollars lawful money of the United States of America, to be paid to the said John Pickens, his executors, or assigns for which payment well and truly to be made We bind ourselves, our heirs, executors, and administrators, firmly by these presents. Sealed with our Seal. Dated the Ninth day of March one thousand eight hundred and thirty-eight. THE CONDITION of the above obligation is such, that if the above bounden James Wilson and Thomas Ash their heirs, executors, or administrators, shall well and truly pay or cause to be paid, unto the above named John Pickens his executors, administrators, or assigns, the just and full sum of Here insert the condition. then the above obligation to be void, otherwise to remain in full force and virtue. Sealed and delivered in the presence of John Frost, Joseph Wiggins.} James Wilson, L.S Thomas Ash. L.S. NOTE. The part in Italic to be filled up according to circumstance. If there is no condition to the bond, then all to be omitted after the words "THE CONDITION, &c." # A PRACTICAL SYSTEM OF BOOK-KEEPING. PERSONS transacting businesss find it necessary to write down the articles bought or sold, together with their prices and the names of the persons with whom the bargains are made. BOOK-KEEPING is the method of recording such transactions in a regular manner. It is divided into two kinds, called Single Entry and Double Entry. The method by Single Entry is the most simple, and answers for all common business. This method we will explain. Book-Keeping by Single Entry requires two books, a Day-Book and a Leger; and when cash sales are extensive, an additional book is necessary, which is called a Cash Book. DAY-BOOK. This book should contain a full history of the business transactions, in the precise order in which they may have occurred. The transfer of an account from the Day-Book to the Leger, is called posting the account. Each page of the Day-Book should be ruled with two columns on the right hand of the page, one for dollars, and one for cents, and one column on the left hand for entering the page of the Leger on which the account may` be posted. The Day-Book should begin with the name of the owner, and his place of residence; and then should follow a full account of the transactions in business in the exact order in which they may have taken plaec, The name of the person, or customer, is first written with the term Dr. or Cr. opposite, according as he becomes a debtor or creditor by the transaction. Generally, the person who receives is Debtor, and the person who parts with his property is the Creditor. Thus, if I sell goods to A B, on credit, he becomes my debtor to the amount of the goods, and the goods should be specified particularly in making the charge. If I buy goods on credit, of C D, I enter C D Cr. tỏ the amount of the goods, taking care to specify the goods in the charge. If I pay money for, or on account of another person, he becomes Dr. to me for the amount paid. The Day-Book and Leger are generally designated, Day-Book A, Day-Book B, Leger A, Leger B, &c. for when one book, in the course of business, is filled with charges a new one is taken. DAY-BOOK A. Page 1. Edward P. Nixon, New York, June 1, 1837.. x1. To 11 cwt. of sugar at $9 per cwt. $99,00 To 66lb. of coffee at 20 cts. pr. lb. 13,20 112 20 Dr. $159,10 1,60 160 70 Dr. 124,02 451 11 Dr. $45,00 3,75 48 75 Dr. $33,00 600,00 633 00 Cr. 160 70 Daniel Judson, To 85lb. of butter at 20 cts. per lb. To 3 hhd. of molasses at $20 each, x1.To 3 bar. of salted shad at $8 per barrel To 4 kegs of raisins at $2 per kg. x 1. By Cash, By his note of this date, due 17,00 417 10 - $400,00 Aug. 1, 1837, 51,11 451 11 Cr. By 116lb. of beef at 8 cts. per lb. Jared Newton, $9,28 18,50 27 78 Dr. x 1. To 1 piece of linen 36 yards, To 3 yds. of broadcloth at 4,50 per yd. 13,50 LEGER. THE LEGER is a book into which is collected, in a condensed form, all the scattered accounts from the DayBook. Two columns should be ruled on the right of each page of the Leger, one for dollars and one for cents; there should also be two columns on the left, one to insert the date of the transaction, and the other for inserting the page of the Day-Book from which the account is transferred. Two pages of the Leger, facing each other, are generally used in stating an account, though sometimes a page is divided into two equal parts, in which case each part may be considered as forming a separate page. The name of the person with whom the account is stated should be written in large letters at the top of the lefthand page. The Debits are entered on the left-hand page, and the Credits on the other page directly opposite. The difference between the debits and credits, is always entered under the least sum, when the account is closed, and is called the balance, as in the account of John McNeill. At the top of the left-hand column, we enter the year, under which, we enter the day of the month on which the transaction took place; and in the adjoining column, we enter the page of the Day-Book from which the account is transferred. When there are several articles charged in the DayBook, we need not specify them all, but may enter them in the Leger under the general name of "Sundries." Having posted the account, we enter the page of the Leger to which it has been transferred, in the left hand column of the Day-Book and opposite the account, and make a mark to catch the eye and show that the account is posted. We begin posting with the account of George Wilson, who stands charged on the Day-Book with $112,20. Having posted the first charge, we run the eye carefully |