Book-Keeping; Containing a Lucid Explanation of the Common Method of Book-Keeping by Single Entry (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1849 Excerpt: ... M. No. 9. In full of all accounts. Cooperstown, June Ibth, 1848. Received of W. D. ten dollars in full of all accounts. G. R. No. 10. In full of all demands. Le Roy, Nov. 11th, 1848. Received of Dr. Moses Barrett eight dollars in full of all demands. A. D. Lampkins. Receipts given in full of all accounts cut off all accounts only. Those given in full of all demands cut off not only all accounts, but all other obligations. No. 11. For Property left in trust. Albion, May 31st, 1848. Received of H. K., in store, nine Bbls. super, flour, to be delivered to him, or his written order. L. O. IT 53. It is strongly recommended, that on the payment or part payment of any obligation, the payer take of the payee a receipt. In case 55. Suggestion on taking and giving receipts. The utility of making this a rule. Passing receipts. Receipts in full of all demands may express one cent, one dollar, or the exact sum received. Reasons for their expressing the exact mm received. RECEIPTS. 56. of litigation, this receipt will be admitted as evidence in the case, though subject to examination and correction. It is also advisable, on the balancing of accounts, for the parties to pass receipts, that is, to each give the other a receipt. A receipt in full of all demands cuts off all demands as effectually if it specify one dollar, or one cent, as if it specify the whole amount paid at the time. Yet it is deemed best to state the exact sum paid, thus preventing any after difficulty that might arise from obscurity of meaning. IT 56. Bills, notes, due-bills, orders, receipts, &c., should be folded of a uniform width, and put in separate parcels, with a band round each, on which should be written the name of the contents of the parcel; as, Bills of Parcels; Individual Accounts; Not...