22. Write an order form for the sale of 25,000 bushels of corn @ 76¼c made upon the orders of Mr. D.
23. Show what acknowledgment must be made to Mr. D.
24. What is the daily record sheet? For what purpose is it used? Explain the entries in this book.
25. Explain how stock purchases should be handled, what records should be kept, and what information in regard to them is necessary.
26. What is the difference between a bull and a bear?
27. Explain the meaning of a buying order and state how it should be treated in the accounting department.
28. On July 5th James Robinson sold 25,000 bushels of September wheat at 1.04½; on July 10th he purchased 10,000 bushels wheat at 1.02¼, and on July 11th he purchased 15,000 bushels of wheat at 1.02. Make a statement of this account for Mr. Robinson.
29. What is the difference between listed and unlisted stock?
30. What is a debit or credit slip and for what purpose is it used?
31. Show the ruling of the stock ledger and explain the necessity of each column. Rule a sample page.