(a) The total of the Laundry columns in the Charge Accounts Book.
(b) The total of the Laundry columns pertaining to the current month on our paytable collection sheets (Form 25).
(c) The total shown in the Credit Laundry column of Form 13
(d) The total of all sales not accounted for under (a) and (b) above.
(e) Inventory at last of month.
The balance, showing gross loss or gain, is transferred to the Profit and Loss Account.
13. Store. This and all other departmental accounts should be handled in the manner described in the preceding paragraph except they should receive credit for all coupon and cash sales made during the month.
14. Interest and Discount. Credit this account with the total of the Discount column on the credit side of the cash book; this anomaly being only apparent, not real. Credit, also, the total of the Interest and Discount column on the debit side of the cash book and debit the total of the Interest and Discount column found on the credit side of the cash book.
15. Insurance. Debit this account, through the cash book, with all premiums paid out, at the time they are paid. Credit this account monthly with the monthly share of such premium or premiums, and debit them against Post Exchange. The effect of this method is to show the unexpired policies as assets, as they should be. There can be no doubt that an unexpired policy is an asset, nor is there any question about the propriety of showing the value of this asset by deducting the appropriate amount monthly. The practice of some exchanges of writing such assets off the books immediately upon payment of premiums is not sound.
16. Fuel and Lights. Debit this account through the cash book with all amounts paid out for these items, provided they cannot be properly apportioned to the various departments.