Public Accounting and Auditing...South-western publishing Company, 1920 - Accounting |
From inside the book
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Page 3
... Machinery Account The Tools and Implements Account ! The Account with Horses , Wagons and Harness The Office Furniture Account Auditing Theory Auditing Procedure The Law of Personal Property CHAPTER X ..... Depreciation Causes of ...
... Machinery Account The Tools and Implements Account ! The Account with Horses , Wagons and Harness The Office Furniture Account Auditing Theory Auditing Procedure The Law of Personal Property CHAPTER X ..... Depreciation Causes of ...
Page 20
... machinery . Equipment which has become worthless because of depreciation or obsolescence may be shown in the statements at its original cost . These are some of the things which an average bookkeeper , even one whose services command a ...
... machinery . Equipment which has become worthless because of depreciation or obsolescence may be shown in the statements at its original cost . These are some of the things which an average bookkeeper , even one whose services command a ...
Page 26
... Machinery Fixed Buildings Liabilities Equipment ( Notes Payable Dividends ( Current Payable Accrued Ex- penses Fixed Bonds ( Merchandise Sales Mortgages Collateral Loans ( Income Dividends on Investment Stock Interest on Notes ...
... Machinery Fixed Buildings Liabilities Equipment ( Notes Payable Dividends ( Current Payable Accrued Ex- penses Fixed Bonds ( Merchandise Sales Mortgages Collateral Loans ( Income Dividends on Investment Stock Interest on Notes ...
Page 27
... machinery , buildings , equipment , land and all property possessed and used directly by the owner himself for his enjoyment , or for business purposes , and maintained in fixed condition for long periods of time subject only to wear ...
... machinery , buildings , equipment , land and all property possessed and used directly by the owner himself for his enjoyment , or for business purposes , and maintained in fixed condition for long periods of time subject only to wear ...
Page 39
... machinery is a deduction from the Machinery account on the Balance Sheet and not from the total fixed assets , even though the final results would be the same . Likewise , reserves for depreciation on buildings should be de- ducted from ...
... machinery is a deduction from the Machinery account on the Balance Sheet and not from the total fixed assets , even though the final results would be the same . Likewise , reserves for depreciation on buildings should be de- ducted from ...
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Common terms and phrases
accounts payable accounts receivable accrued adjusting entries auditor bad debts Balance Sheet audit bank Blank Manufacturing bookkeeper books of account buildings C. P. A. Ind Capital Stock cash book certificate charged client columns contract controlling account corporation cost price creditors current assets current liabilities customers debit deducted dividends endorsement expenditures expenses fiscal period fixed assets included Income Tax Inst inventory investments invoices journal entries junior ledger accounts Liberty bonds ment merchandise method mortgage necessary negotiable instruments nominal accounts notes payable notes receivable paid par value payment preferred stock premium prepared Profit and Loss purchased real estate record reserve for depreciation sales ledger securities selling shares shown Sinking Fund sold statement stockholders subsidiary ledger Surplus tion trade transactions treasury stock Trial Balance trustee usually verify voucher XX XXXX.XX XXXX.XX XX XXXXX XXXX.XX XXXX XXXXX.XX XXXXX.XX
Popular passages
Page 76 - Where the instrument is addressed to a drawee he must be named or otherwise indicated therein with reasonable certainty.
Page 78 - But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable time.
Page 126 - The cost of incidental repairs which neither materially add to the value of the property nor appreciably prolong its life...
Page 126 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered...
Page 78 - And a signature on a blank paper delivered by the person making the signature in order that the paper may be converted into a negotiable instrument operates as a prima Jade authority to fill it up as such for any amount.
Page 77 - An instrument which contains an order or promise to do any act in addition to the payment of money is not negotiable. But the negotiable character of an instrument otherwise negotiable is not affected by a provision which: 1. Authorizes the sale of collateral securities in case the instrument is not paid at maturity; or 2.
Page 77 - Does not specify the place where it is drawn or the place where it is payable ; or 4.
Page 90 - A contract to sell goods is a contract whereby the seller agrees to transfer the property in goods to the buyer for a consideration called the price.
Page 172 - A bill is negotiated when it is transferred from one person to another in such a manner as to constitute the transferee the holder of the bill. (2) A bill payable to bearer is negotiated by delivery. (3) A bill payable to order is negotiated by the indorsement of the holder completed by delivery.
Page 185 - Debt expense" means all expenses in connection with the issuance and sale of evidences of debt, such as fees for drafting mortgages and trust deeds: fees and taxes for issuing or recording evidences of debt cost of engraving and printing bonds, certificates of indebtedness, and other commercial paper...