"That's settled then," resumed Mr. Furlong; "and now I suppose you want me to run my eye over your quarterly statements, do you not, before we send them in to the trustees? That is what you've come for, is it not?"
"Yes," said the rector, drawing a bundle of blue and white papers from his pocket. "I have everything with me. Our showing is, I believe, excellent, though I fear I fail to present it as clearly as it might be done."
Mr. Furlong senior spread the papers on the table before him and adjusted his spectacles to a more convenient angle. He smiled indulgently as he looked at the documents before him.
"I am afraid you would never make an accountant, Edward," he said.
"I fear not," said the rector.
"Your items," said his father, "are entered wrongly. Here, for example, in the general statement, you put down Distribution of Coals to the Poor to your credit. In the same way, Bibles and Prizes to the Sunday School you again mark to your credit. Why? Don't you see, my boy, that these things are debits? When you give out Bibles or distribute fuel to the poor you give out something for which you get no return. It is a debit. On the other hand, such items as Church Offertory, Scholars' Pennies, etc., are pure profit. Surely the principle is clear."
"I think I see it better now," said the Rev. Edward.
"Perfectly plain, isn't it?" his father went on. "And here again. Paupers' Burial Fund, a loss; enter it as such. Christmas Gift to Verger and Sexton, an absolute loss—you get nothing in return. Widows' Mite, Fines inflicted in Sunday School, etc., these are profit; write them down as such. By this method, you see, in ordinary business we can tell exactly where we stand: anything which we give out without return or reward we count as a debit; all that we take from others without giving in return we count as so much to our credit."
"Ah, yes," murmured the rector. "I begin to understand."
"Very good. But after all, Edward, I mustn't quarrel with the mere form of your accounts; the statement is really a splendid showing. I see that not only is our mortgage and debenture interest all paid to date, but that a number of our enterprises are making a handsome return. I notice, for example, that the Girls' Friendly Society of the church not only pays for itself, but that you are able to take something out of its funds and transfer it to the Men's Book Club. Excellent! And I observe that you have been able to take a large portion of the Soup Kitchen Fund and put it into the Rector's Picnic Account. Very good indeed. In this respect your figures are a model for church accounts anywhere."