Encyclopædia of Accounting, Volume 1George Lisle W. Green & sons, 1903 - Accounting |
From inside the book
Results 1-5 of 96
Page 2
... ledger , relating to a person , a kind of property , or a branch of the Profit and Loss Account . An account shows the transactions with the person whose account it is , if it is a personal account ; the cost of purchases and price ...
... ledger , relating to a person , a kind of property , or a branch of the Profit and Loss Account . An account shows the transactions with the person whose account it is , if it is a personal account ; the cost of purchases and price ...
Page 3
... ledger , and the balance of the account struck ; this balance , which is the same balance as that shown in the statement , is then brought down , and the usual plan is to make a note in the ledger stating that such balance is the agreed ...
... ledger , and the balance of the account struck ; this balance , which is the same balance as that shown in the statement , is then brought down , and the usual plan is to make a note in the ledger stating that such balance is the agreed ...
Page 32
... ledger of the proprietor , be regarded as one single process , the aim of all this long process may be regarded as the provision of means whereby the proprietor of the business may ascertain what proportion of value in the finished ...
... ledger of the proprietor , be regarded as one single process , the aim of all this long process may be regarded as the provision of means whereby the proprietor of the business may ascertain what proportion of value in the finished ...
Page 158
... ledgers . With regard to the cash - book , it is important to bear in mind that monies received by auctioneers in payment of goods sold by them ( or on account of such payments ) are received in trust for the vendor . Such monies should ...
... ledgers . With regard to the cash - book , it is important to bear in mind that monies received by auctioneers in payment of goods sold by them ( or on account of such payments ) are received in trust for the vendor . Such monies should ...
Page 159
... ledger , and crediting commissions account in the private ledger with the total commissions earned upon that sale , so that the accounts in respect of each sale may be closed as soon as may be after it has been concluded . Upon the next ...
... ledger , and crediting commissions account in the private ledger with the total commissions earned upon that sale , so that the accounts in respect of each sale may be closed as soon as may be after it has been concluded . Upon the next ...
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Common terms and phrases
acceptance acceptor accommodation bill agent amount annuity apply appointed apportionment Arbitration Act 1889 assets audit auditor balance sheet Bank of England banker bankrupt Bankruptcy Act bill of exchange Bills Payable Bills Receivable Board of Trade book-keeping capital cash book cent charge cheque claim column Companies Act 1862 Consignment contract Court Court of Session credit side creditors debit side debt debtor deed discharge discount dishonour dividend drawee drawer duty economic entitled entry given Glen & Day head office holder income indorser interest liabilities Lord Ordinary Loss Account ment notes notice Official Receiver ordinary paid particular parties payment person petition present principal Profit and Loss purchase realised remainderman rent respect rule Scotland sequestration sheriff sold stamp statement tenant thereof tion transactions trial balance trustee valuation Vict
Popular passages
Page 306 - All goods being, at the commencement of the bankruptcy, in the possession, order or disposition of the bankrupt, in h'ia trade or business, by the consent and permission of the true owner, under such circumstances that he is the reputed owner thereof...
Page 243 - Where a banker in good faith and without negligence receives payment for a customer of a cheque crossed generally or specially to himself, and the customer has no title, or a defective title, thereto, the banker shall not incur any liability to the true owner of the cheque by reason only of having received such payment.
Page 271 - Court, elsewhere, a bankruptcy notice under this Act, requiring him to pay the judgment debt in accordance with the terms of the judgment, or to secure or compound for it to the satisfaction of the creditor or the Court, and he does not, within seven days after service of the notice...
Page 371 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 232 - Parliament, and that it shall not be lawful for any body politic or corporate whatsoever created or to be created, or for any other persons whatsoever united or to be united in covenants or partnership exceeding the number of six persons in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable on demand or at any less time than six months from the borrowing thereof...
Page 303 - Save as aforesaid, all debts and liabilities, present or future, certain or contingent, to which the debtor is subject at the date of the receiving order, or to which he may become subject before his discharge by reason of any obligation incurred before the date of the receiving order, shall be deemed to be debts provable, in bankruptcy.
Page 270 - If, with intent to defeat or delay his creditors, he does any of the following things, namely, departs out of England, or, being out of England, remains out of England, or departs from his dwelling-house, or otherwise absents himself, or begins to keep house.
Page 306 - The capacity to exercise and to take proceedings for exercising all such powers in or over or in respect of property as might have been exercised by the bankrupt for his own benefit at the commencement of his bankruptcy or before his discharge, except the right of nomination to a vacant ecclesiastical benefice...
Page 374 - But where the instrument is in the hands of a holder in due course, a valid delivery thereof by all parties prior to him so as to make them liable to him, is conclusively presumed.
Page 310 - Every conveyance or transfer of property, or charge thereon made, every payment made, every obligation incurred, and every judicial proceeding taken or suffered by any person unable to pay his debts as they become due from his own money...