Excerpt from Up-to-Date Regents Questions in Bookkeeping
Received for work Paid for hat $3, for shoes Loaned John Bell 85. Received for week's wages $10.
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Excerpt from Up-to-Date Regents Questions in Bookkeeping
Received for work Paid for hat $3, for shoes Loaned John Bell 85. Received for week's wages $10.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Excerpt from Up-to-Date Regents Questions in Bookkeeping
1 (a) State the two principal objects of bookkeeping. (b) What is the underlying principle of double-entry bookkeeping?
2 (a) Give a general rule for determining debits and credits. (b) Give (1) the names of two accounts that should never have a credit balance, (2) the name of one account that should never have a debit balance.
3 (a) Show the superiority of double-entry over single-entry in the matter of testing for correctness. (b) Give full directions for changing a set of books from single to double entry.
4 (a) Mention two essential points of difference between single-entry and double-entry bookkeeping. (b) Mention a business in which (1) single-entry would be advisable, (2) double-entry would be advisable, (c) What two advantages has the double-entry method over the single entry method?
5 Compare single entry bookkeeping with double entry as to (a) the kind of transactions recorded in the ledger, (b) the kind of accounts kept in the ledger, (c) the way in which transactions arc recorded, (d) correction of accounts.
6 (a) Mention the different classes of accounts used in double entry bookkeeping and state the use of each class, (b) What class of accounts is used in single entry?
7 (g) State the use of each of three principal books used in double entry bookkeeping. (6) If only one book could be saved in case of fire, which should it be? Explain.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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