14. What routine should be followed to carry the totals to the ledger?
15. Describe, and illustrate with the necessary forms, a system in which a purchase ledger and invoice file are combined.
16. What is a private ledger and for what purposes is it used?
17. Name some of the special advantages of the private ledger.
18. Describe, briefly, the operation of the private ledger, giving an example.
19. Describe, and illustrate with journal entries, in what way a manufacturer can make use of the private ledger.
20. Transactions of the following classes are recorded on the books of Dane & Whitney:
Purchases on Account
Sales on Account
Paid for Rent
Paid Dane's Salary
Sales for Cash
Whitney advanced cash to the business.
What items, in the above, should be recorded in the private ledger?
21. In charting the accounts of a business, into what three main groups should they be divided? Give an example of the subdivision of one of these groups.