......

40000

For his draft on G. Kay, at 30 days sight, No. 171..

26

Robert Runcorn & Co. Dr. to Cotton Wool,

For 14 bales Pernamo. and 3 bales Georgia, at 3 months... 428 9 2

RICHARD CONDER Dr. to Sundries,

For amount of Goods shipped the Hopewell, for
Hamburgh, consigned by his order to Murray & M
Nab, for his account and risk,

To Cotton Yarn, for 580 bundles Water twist....887 12 6
To Cash..... .for charges paid at shipping.... 9 5 4
To Evans & Bayley, for premium on 925 22 3 6
Insured at 2 Guineas cent. policy 558. S
To Profit and Loss..for my Commission on ditto

at cent..

4 12 6 923 13 10

31.

Charges Dr. to James Penman,

For 3 months salary due him this month...

SUNDRIES Drs. to Cash,

House Expenses..paid for family expenses this mo...18 12 6
Charges..paid as Expense-book this month.... 2 15 1

Note, When the learner has made out a Ledger in conformity to the preceding Journal, he will find the Profit and Loss and Balance Accounts to be the same as stated in the next page.

17/10 0

21 77

* The TRIAL BALANCE proves, that the same sums or amount which have been posted to the one side of the Ledger, have also been entered on the other side. This, however, is no evidence of the Books being correctly posted: for a sum may be posted to a wrong Account, or a Journal post be entirely omitted, or entered twice, and yet the Dr. and Cr. columns of the Trial Balance will agree.

The most effectual Check is, to compare the Books, by reading the Entries in the Subsidiary Books, and comparing those with the JOURNAL. After which proceed to the Ledger. It will be more convenient if two persons assist each other in comparing the Ledger. One has the Journal before him and reads the Debits and Credits, and the other turns to the Accounts in the Ledger, and marks them off, if correct.

47

DAY-BOOK B..