At the end of the month or when the books are closed, the totals of the various columns are posted to the debit side of the General Ledger as follows:—
Creditors posted to Bills Payable, Mdse.
Interest and Discount to Interest and Discount.
Discount to Interest and Discount.
Fixtures to Fixtures (Exchange or Laundry, as the case may be).
The items entered in the Expense column must be distributed, such items as cannot properly be posted to the account of any of the departments must be posted to the “General Expense” account in the General Ledger. The same rule applies to Labor and to Sundries. The items in the Appropriations column must also be distributed among the proper ledger accounts, such as Athletics, Dividends, Sick in Hospital, etc., as the case may be.