Education > Complete treatise on practical arithmetic and book-keeping

GENERAL DIRECTIONS.
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above the latter, with a line between, like a vulgar
ption; but when there are several Drs. in a Journal post,
j Cr. folio number need be but once entered, viz. under
lowest Dr. number; and when there are several Crs.,
the Dr. folio number above the upper Cr. number
iving, in this manner, posted all the journal entries
the month, in the Ledger, write anotlier month’s ac-
its in the Waste-Book, from thence to the Journal, and
ice to the Ledger, as before; after this, go through the
it month, and so on, till the whole be finished ; transposing
one folio to another, in the Ledger, such accounts as
:n to be too large to be contained in the spaces first
_ led them, as is done with the Cash and Projit and
js accounts in the following Ledger.
Living posted all the accounts into the Ledger, let them
balanced thus : Let all accounts have their sums of mo¬
on both sides added up into two totals: but before these
ds re set down, if they be unequal, let the sides be made
al (i. e. balanced) by writing down on the lighter side
nuch as will make it equal the heavier, which sum is
erally charged Dr. to or Cr. by either Profit and Loss or
'ance, these being the two accounts by which most others
balanced : all cases in which any thing is either gained
ost, being balanced by means of Profit and Loss ; and all
se in which goods or any thing remains in your hand*,
n which any thing is due to or by you, are closed by
ins of the Balance account, which is drawn out at the
of the Ledger to receive all such balances into ; and
articles closed by Profit and Loss being carried to the
'fit and Loss account. By these means all the gains and
es are collected into one place under the title of Prrfit
’ Loss, and all the effects and debts into another, under
title of Balance; and therefore by closing or balancing
se two general accounts by means of the stock account,
i carrying the two equalling sums to their proper sides
he stock account, those two sides then added up, will he
ctly equal to each other; otherwise the work is some-
ere wrong, and. must be examined till d:e error be recti-
1.—Some accounts are closed by means of both Profit
! Less, and Balance; for where any tiling remains on
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