Excerpt from A Synthetic and Inductive System of Book-Keeping by Double Entry: Designed Particularly for Schools and Academies, and as a Reference for the Young Accountant in Complicated Company Transactions With Eighteen Lectures for the Black Board
Before we enter particularly on our first lecture it will be necessary for me to apprise the learner that there is no difference between the Journal and Leger as regards Debit and Credit. Indeed both books in these respects are alike, for whatever is made Dr. In the Journal, will of course be come Dr. In the Leger, and so with the Credits. The Jour nal in fact may be called the first Leger, the entries being made without regard to classification or arrangement.
The Object! Of the third book or Leger, is - to arrange and classify each item under its own particular head. Hence, any one who can transfer a charge correctly from the Day Book to the Leger in single entry, can with equal ease Journalize that charge if he will but do it on the same principle.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.