Excerpt from Bookkeeping by Single and Double Entry<br/><br/>Two things. Then, the bookkeeper must understand. He must know what business is done, and now to keep a record of this business in his books. When we say he must know what business is done it is not enough to know, for instance. The bare fact that John jones bought goods from his firm for cash. He should know how to write up the bill of goods, and if, instead of the actual cash. He should receive a check or draft. Papers which are equivalent to cash. He should be acquainted with the forms of such papers. Our first endeavor will be to know business transactions and business papers thoroughly.
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