Mayhew's Practical Book-keeping Embracing Single and Double Entry, Commercial Calculations, and the Philosophy and Morals of Business ...

Εξώφυλλο
S.F. Nichols, 1866 - 228 σελίδες
 

Άλλες εκδόσεις - Προβολή όλων

Συχνά εμφανιζόμενοι όροι και φράσεις

Δημοφιλή αποσπάσματα

Σελίδα 14 - Grammar, which is defined as the art of speaking and writing the English language with propriety and accuracy, is now very generally studied in our common schools. But in order to turn it to the greatest account, its principles should be practically applied, in the school-room, to accounts, and to the ordinary business transactions of life. 11. Much attention is now very properly paid to Penmanship in our schools. But it should be borne in mind that the great mass of the people employ this art chiefly...
Σελίδα 128 - Draft? eight, or thirty or sixty days after sight, three additional days, known as "days of grace," are by common usage allowed for payment. Drafts are tharefore sometimes drawn payable at sight, " without grace." (Form No. 9.) 169. A BILL OF EXCHANGE is a written request or order addressed by one bank or commercial house to another, requesting the payment of money to a third person named, or to his order. Bills of Exchange are Domestic and Foreign. When Bills of Exchange are drawn by parties residing...
Σελίδα 126 - LXXX1. 1. A NOTE is a written promise to pay a certain sum of money, or its value in goods, on demand, that is, when demanded ; or at some future day, and hence, all notes are called promissory notes. 2. A NEGOTIABLE NOTE is one which is made payable to AB, or order. 3. By indorsing a note is understood that the person to whom it is made payable writes his name on the...
Σελίδα 135 - Discdunt is an allowance made for the payment of a sum of money before it becomes due, according to a certain rate per cent, agreed on between the parties concerned. The...
Σελίδα 135 - I give my note to a man for $107, payable in one year, without interest, the present worth of the note is $100 ; for this sum placed at interest for one year at 7 per cent, will amount to $107 at the time the note becomes due. In this case the present worth is...
Σελίδα 19 - Whenever one person receives any thing from another, which he does not pay for at the time, he is said to go in debt for it, and is called a Debtor. A person who sells property without receiving his pay at the time, is said to give credit for it, and is called a Creditor. In other words, the receiver is always the Debtor, and the giver is always the Creditor.

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