INDEX
A
Acceptances, [56]
definition of, [11]
Accommodation note, definition of, [11]
Account books
classes of, [42]
definition of, [11]
Account current, definition of, [11]
Account sales, definition of, [11]
Accounting charts, [309-323]
explanation of chart, [316]
of manufacturing business, [313]
of small trading business, [310]
Accounts
classification of, [90]
definition of, [11]
merchandise, [71]
merchandise inventory, [100]
nominal, [70]
personal, [69]
profit and loss, [97]
purchase, [71]
real, [69]
representative, [70]
sales, [72]
Accrued interest, definition of, [12]
Acknowledgment, definition of, [12]
Ad valorem, definition of, [12]
Administrator, definition of, [12]
Adventure, definition of, [12]
Advice, definition of, [13]
Affidavit, definition of, [13]
Agent, definition of, [13]
Agreement, definition of, [13]
Allowance, definition of, [13]
Annual statement, definition of, [13]
Annuity, definition of, [13]
Antedate, definition of, [13]
Appraise, definition of, [14]
Appreciation, definition of, [14]
Approval sales, definition of, [14]
Arbitrate, definition of, [14]
Articles, definition of, [14]
Assets
definition of, [14]
fictitious, [78]
fixed, [77]
floating, [78]
passive, [78]
Assign, definition of, [14]
Assignee, definition of, [14]
Assignment, definition of, [14]
Assignor, definition of, [14]
Association, definition of, [14]
Attachment, definition of, [14]
Audit, definition of, [14]
Auxiliary, definition of, [14]
Average, definition of, [14]
B
Balance, definition of, [14], [39]
definition of, [14]
Balance of trade, definition of, [15]
Bale, definition of, [15]
Bank balance, definition of, [15]
Bank deposits, [56]
check books, [56]
depositing cash, [57]
indorsement of checks, [57]
pass book, [57]
signature card, [56]
Bank draft, definition of, [15]
Bank note, definition of, [15]
Bank pass book, definition of, [15]
Bankrupt, definition of, [15]
Bill, definition of, [15]
Bill of exchange, definition of, [16]
Bill head, definition of, [16]
Bill of lading, definition of, [16]
Bill of sale, definition of, [16]
Bills payable, definition of, [18]
Bills receivable, definition of, [18]
Bills receivable and bills payable, [54]
Blanks, definition of, [18]
Blotter, definition of, [18]
Bond liability, [239]
Bonded goods, definition of, [18]
Bonds, [238]
classes of, [239]
definition of, [18]
expense of issue of, [241]
interest on, [241]
premium on, [241]
Bonus, definition of, [18]
Book account, definition of, [18]
Bookkeeping
for corporation, [205]
definition and objects of, [37]
methods of, [39]
Brand, definition of, [18]
Broker, definition of, [18]
Brokerage, definition of, [18]
Bullion, definition of, [18]
C
Call loans, definition of, [18]
Cancel, definition of, [18]
Capital, definition of, [18]
Capital of corporation, [199]
Capital stock, [199]
definition of, [18]
Capitalization, [199]
capital, [199]
capital stock, [199]
treasury stock, [200]
watered stock, [201]
Cartage, definition of, [18]
Cash book, [43]
posting from, [89]
Cash discounts, [94]
allowed, [94]
earned, [95]
entering in cash book, [94]
Cash dividend, declaring, [224]
Cash sales, definition of, [18]
Center-ruled ledger, [143]
Certificate of stock, definition of, [18]
Certified check, definition of, [20]
Charges, definition of, [20]
Chart, definition of, [20]
Charter, definition of, [20]
Charting the accounts, [309]
Check, definition of, [20]
Check books, [56]
Clearing house, definition of, [20]
Closing an account, definition of, [20]
Collateral, definition of, [20]
Commercial abbreviations, [35]
Commercial paper, definition of, [20]
Commercial signs and characters, [37]
Commercial terms, dictionary of, [11]
Commission, definition of, [20]
Commission merchant, definition of, [20]
Common law, definition of, [20]
Common stock, definition of, [200]
Company, definition of, [20]
Compromise, definition of, [20]
Consideration, definition of, [22]
Consignee, definition of, [22]
Consul, definition of, [22]
Contingent assets and liabilities, definition of, [22]
Contingent fund, definition of, [22]
Contra, definition of, [22]
Contract, definition of, [22]
Conveyance, definition of, [22]
Copyright, definition of, [22]
Corporation accounts, [195-270]
bonds, [238]
bookkeeping, [205]
changing books from partnership to corporation, [227]
closing transfer books, [204]
entries on corporation books, [228]
entry of stock for promotion, [222]
reserves and their treatment, [235]
stock donated to employes, [229]
when stock subscriptions are never full paid, [232]
surplus and dividends, [223]
treatment of loss, [225]
Corporation bookkeeping, [205]
books required, [206]
entries in stock books, [215]
opening entries, [209]
Corporations
capitalization, [199]
classification of, [195]
creation of, [197]
definition of, [195]
dividends, [203]
management of, [201]
Corporations
management of
powers of corporations, [203]
powers of directors and officers, [202]
stockholders' rights, [203]
stock certificate, [199]
stockholders, [197]
stock issued for promotion, [221]
stock subscriptions, [201]
Counterfeit, definition of, [22]
Coupon, definition of, [22]
Coupon bond, definition of, [22]
Credentials, definition of, [22]
Credit, rules for, [38]
Creditor, definition of, [22]
Cumulative preferred stock, definition of, [200]
Currency, definition of, [22]
D
Day book, [43]
Debenture, definition of, [22]
Debit
definition of, [22]
rules for, [38]
Deed, definition of, [22]
Defalcation, definition of, [22]
Deferred bonds, definition of, [23]
Delivery receipt definition of, [23]
Demand note, definition of, [23]
Departmental records, [148]
Deposit, definition of, [24]
Depositing cash, [57]
Depreciation, definition of, [24]
Discount, definition of, [24]
Discount and exchange, [56]
Discounts allowed, [94]
Dishonor, definition of, [24]
Dividend, [203]
definition of, [24]
Dividend book, [208]
Dormant partners, [165]
Double entry, [39]
advantages of, [40]
books used in, [43]
principle of, [40]
Doubtful, definition of, [25]
Draft
definition of, [24]
journalizing, [113]
Drawer, definition of, [25]
Drayage, definition of, [25]
Due bill, definition of, [25]
Dunning, definition of, [25]
Duplicate, definition of, [25]
Duty, definition of, [25]
E
Earnest, definition of, [25]
Embezzlement, definition of, [25]
Exchange, definition of, [25]
Expense account, [80]
heat and light, [81]
insurance, [81]
interest, [81]
labor, [82]
out freight and express, [81]
rent, [81]
salaries, [82]
taxes, [81]
Exports, definition of, [25]
Extend, definition of, [25]
F
Face value, definition of, [25]
Facsimile, definition of, [25]
Fictitious assets, example of, [78]
advertising, [78]
Financial statement, definition of, [25]
Fiscal, definition of, [25]
Fixed assets
definition of, [25]
examples of, [77]
furniture and fixtures, [77]
horses and wagons, [77]
real estate, [77]
Fixed charges, definition of, [26]
Fixtures, definition of, [26]
Floating assets, examples of, [78]
accounts, [78]
cash, [78]
merchandise, [78]
notes or bills receivable, [78]
Folio, definition of, [26]
Footing, definition of, [26]
Foreign exchange, definition of, [26]
Forms
account sales, [12]
acknowledgment, [13]
adjustment journal and departmental purchase book, [154]
balance sheet, [101]
bill, [15]
bill of exchange, [17]
bill of lading, [16]
bill of sale, [19]
bills payable, [55]
bills receivable, [55]
cash book including bank account, [156]
cash book with center column for particulars, [177]
cash book with column for private ledger accounts, [306]
cash disbursement book, [296]
center-ruled ledger, [143], [157-161]
certificate of stock, [21]
chart of profit and loss accounts, [311], [312]
check register, [260]
classified ledger accounts, [180-188]
closing entries, trading and profit and loss account, [140]
combined purchase ledger and voucher system, [303]
daily report, [247]
day book, [43]
day book or blotter, [121]
delivery receipt, [24]
demand note, [24]
departmental sales book, [155], [178]
departmental sales and purchase books, [179]
draft, [25]
endorsement, [58]
file showing method of indexing vouchers, [293]
installment certificate, [208]
inventory sheet, [137]
invoice register, [258]
journal, [74]
journal entries recording all transactions, [128-130]
journal ruled retail ledger, [132-137]
journal showing opening entries for partnership, [176]
journal voucher for adjusting entries, [284]
lease, [27]
ledger accounts, classified, [180-188]
ledger with journal ruling, [120]
manufacturing account, [99]
manufacturing ledger with closing entries, [320-322]
merchandise inventory, [100]
monthly recapitulation and distribution sheet, [303]
opening entry in journal, [122]
order, [29]
order book, [42]
pay-roll, [249]
power of attorney, [32]
profit and loss account, [99]
promissory note, [31]
proprietor's account, [99]
purchase book, [75]
purchase ledger, [267]
receipt, [33]
retail ledger, journal ruled, [132-137]
sales book, [74]
scale book, [144]
signature card, [57]
special account, [12]
statement, [34]
statement of incorporation on stock plan, [198]
trading account, [98]
transfer book, [206]
trial balance, [138], [162], [269]
unit system of voucher accounting, monthly recapitulation for, [300]
voucher, [35]
voucher, back of, showing distribution, [277]
voucher with check attached, duplicate, [283]
voucher check in loose-leaf form, duplicate, [280]
voucher check that requires no folding, [280]
voucher check, triplicate form of, [282]
voucher and check combined, [278]
voucher distribution sheet, [281]
voucher register showing entries, [294]
voucher registers, typical forms of, [286]
voucher to be receipted and returned, [276]
vouchers paid, card index of, [292]
Freight, definition of, [26]
G
Gain, definition of, [26]
Gauging, definition of, [26]
Going business, definition of, [26]
Goodwill, definition of, [26]
Gross, definition of, [26]
Gross profit, transfer of, [99]
Guarantee or guaranty, definition of, [26]
Guaranteed stock, [200]
H
Honor, definition of, [26]
Hypothecate, definition of, [26]
I
Import, definition of, [26]
Income, definition of, [26]
Income bonds, definition of, [26]
Indemnity, definition of, [26]
Indorse, definition of, [26]
Indorsee, definition of, [26]
Indorsement of checks, [57]
Indorser, definition of, [28]
Infringe, definition of, [28]
Installment, definition of, [28]
Installment book, [207]
Insolvent, definition of, [28]
Instant, definition of, [28]
Insurance policy, definition of, [28]
Interest, definition of, [28]
Inventory, [137]
definition of, [28]
Investment, definition of, [28]
Invoice, definition of, [28]
Invoice or bill, [46]
J
Job lot, definition of, [28]
Jobber, definition of, [28]
Joint stock, definition of, [28]
Joint stock companies, [196]
Journal, [45]
posting from, [88]
Journal vouchers, [283]
Journalizing drafts, [113]
when we accept draft, [114]
when discounting time draft, [114]
when we pay an acceptance, [114]
when we pay a sight draft, [114]
when our sight draft is paid, [113]
Journalizing notes, [107]
when collected by bank, [107]
when discounted, [107]
when discounted note is not paid, [109]
when note drawing interest is discounted, [108]
when note drawing interest is paid, [108]
when note is past due, [109]
when note is renewed, [110]
when our note has been discounted, [111]
when paid, [107]
when received, [107]
when renewed note has been discounted, [110]
when we discount our note, [112]
when we give or pay note, [111]
when we pay for goods with our note, [112]
when we pay our note with interest, [112]
when we renew a note, [112]
when we renew our discounted note, [113]
Journalizing, rules for, [82]
L
Leakage, definition of, [28]
Lease, definition of, [28]
Ledger, [46]
arrangement of accounts in, [91]
Ledger accounts, sample, [92], [93]
Ledger index, [47]
Legal tender, definition of, [28]
Lessee, definition of, [28]
Letter of advice, definition of, [28]
Letter of credit, definition of, [28]
Liabilities, definition of, [29]
License, definition of, [29]
Liquidation, definition of, [29]
Loss and gain, definition of, [29]
M
Maker, definition of, [29]
Manifest, definition of, [29]
Manufacturing account, [98]
Manufacturing and cost accounts, [242]
accounts used
factory assets, [243]
factory expenses, [244]
summary accounts, [245]
balance ledger, [250]
expense inventory, [250]
expense liability, [250]
manufacturing data, [256]
pay-roll records, [248]
routine followed, [245]
sample transactions, [251]
Maturity, definition of, [29]
Mercantile agency, definition of, [29]
Merchandise, definition of, [29]
Merchandise account, [71]
Merchandise inventory account, [100]
Minute book, [207]
Money order, definition of, [29]
Monopoly, definition of, [29]
Mortgage, definition of, [29]
Mortgagor, definition of, [30]
N
Negotiable, definition of, [30]
Net, definition of, [30]
Net profit, transfer of, [99]
Nominal, definition of, [30]
Nominal account, [70]
Nominal partners, [164]
Non-cumulative preferred stock, [200]
Notes, journalizing, [107]
O
Obligation, definition of, [30]
Open account, definition of, [30]
Opening entries, definition of, [30]
Option, definition of, [30]
Order book, [43]
Orders, definition of, [30]
Original entry, definition of, [30]
Ostensible partners, [164]
Overdraw, definition of, [30]
P
Par, definition of, [30]
Partnership, definition of, [30]
Partnership accounts, [164-193]
capital and personal accounts, [165]
closing the books, [166]
division of profits, [191]
illustration of closing entries, [166]
interest on investment, [165]
kinds of partners, [164]
opening the books, [166]
participation in profits, [165]
partnership, defined, [164]
partnership agreements, [164]
sale of partnership, [189]
sample transaction, [167-175]
Pass book, [57]
Passive assets, examples of, [73]
goodwill, [78]
patents, [78]
speculative, [78]
Pay-roll records, [248]
Payee, definition of, [30]
Per annum, definition of, [30]
Per cent, definition of, [30]
Per diem, [30]
Personal accounts, [69]
definition of, [30]
Personal property, definition of, [30]
Petty cash
definition of, [30]
treatment of, [58]
Post, definition of, [30]
Postdate, definition of, [30]
Posting, [46]
from cash book, [89]
from journal, [88]
routine, [88]
Power of attorney, definition of, [30]
Preferred stock, definition of, [30], [200]
Premium, definition of, [31]
Present worth, definition of, [31]
Private ledger, [304]
advantages of, [304]
how operated, [305]
manufacturing accounts in, [306]
Proceeds, definition of, [31]
Profit and loss, definition of, [31]
Profit and loss account, [97]
manufacturing, [98]
trading, [97]
transfer of gross profit, [99]
transfer of net profit, [99]
turnover, [98]
Promissory notes, [54]
acceptance, [56]
bill book, [54]
bills payable, [54]
bills receivable, [54]
definition of, [31]
discount and exchange, [56]
Promotion, stock issued for, [221]
Pro rata, definition of, [31]
Protest, definition of, [31]
Purchase account, [71]
Purchase book, [45]
Purchase ledger and invoice file combined, [301]
Q
Quotation, definition of, [31]
R
Ratify, definition of, [31]
Raw material, definition of, [31]
Real account, [69]
Real estate, definition of, [31]
Rebate, definition of, [31]
Receipt, definition of, [31], [273]
Receiver, definition of, [31]
Recording transactions, [46]
Remittance, definition of, [31]
Renewal note, definition of, [33]
Rent, definition of, [33]
Representative account, [70]
Reserves for bad debts, [236]
Reserves for buildings in hazardous undertakings, [236]
Reserves for depreciation, [236]
Reserve funds, [237]
Reserves for patents, franchise, goodwill, [236]
Reserves for permanent improvements on leased property, [236]
Resources, definition of, [33]
Retail business, [119]
balance sheet, [139]
books used, [119]
closing the books, [138]
exercise, [141]
inventory, [137]
opening the books, [119]
proprietor's account, [120]
sample transactions, [123-127]
statements, [120]
Retail coal books, [142]
sample transaction, [144]
uncollectible accounts, [143]
Revenue, definition of, [33]
Revenue accounts, [80]
Revenue receipts, [80]
Revoke, definition of, [33]
Royalty, definition of, [33]
S
Sale of stock below par, [205]
Sales, [72]
Sales books, [45]
Sales tickets, [147]
Sample ledger accounts, [91]
Sample transactions, [72], [83], [101], [149]
Schedule, definition of, [33]
Secret partners, [164]
Sight draft, definition of, [33]
Signature card, [56]
Silent partners, [164]
Single entry, [39]
Single proprietorship accounts, [119-163]
Sinking funds, [237]
Solvent, definition of, [33]
Statement, definition of, [33]
Stock certificate book, [206]
Stock dividends, [204]
declaring, [224]
Stock ledger, [207]
Stock register, [208]
Stock subscriptions, [201]
Stock transfer book, [206]
Stockholders, [197]
definition of, [33]
meetings of, [205]
rights of, [203]
Storage, definition of, [33]
Surety, definition of, [33]
Syndicate, definition of, [33]
Surplus subdivided, [223]
T
Tare, definition, [33]
Tariff, definition of, [33]
Terms, definition of, [33]
Theory of accounts, [11-116]
Three-column journal, [82]
Tickler, definition of, [34]
Time draft, definition of, [34]
Trade discount, definition of, [34]
Trade mark, definition of, [34]
Trading account, [97]
Transactions, [46]
ledger index, [47]
posting, [46]
sample, [47], [59], [72], [83], [101], [149]
Treasury stock, [200]
Trial balance, [90]
Turnover, [98]
U
Ultimo, definition of, [34]
Unit system of voucher account, [298]
V
Valid, definition of, [34]
Value received, definition of, [34]
Void, definition of, [35]
Voucher checks, [279]
Voucher file, [293]
Voucher register, [284]
Voucher system of accounting, [273-303]
auditing of invoices, [290]
combined purchase ledger and invoice file, [301]
demonstration of, [293]
executing and registering vouchers, [290]
filing audited vouchers, [290]
filing paid vouchers, [291]
indexing vouchers, [292]
operation of, [289]
paying vouchers, [291]
unit system of, [298]
voucher file, [293]
Vouchers
filing, [290]
forms of, [277]
indexing, [292]
paying, [291]
use of, [274]
W
Warehouse, definition of, [35]
Warehouse receipt, definition of, [35]
Warranty, definition of, [35]
Watered stock, [201]
Way bill, definition of, [35]
Wholesale, definition of, [35]
Working capital, definition of, [35]
TRANSCRIBER'S NOTES
—Obvious print and punctuation errors were corrected.
—The transcriber of this project created the book cover image using the title page of the original book. The image is placed in the public domain.