out from the Invoice-Book and Day-Book, and should keep pace with them. The number, quantity, and quality of the goods are entered in the first columns. The quantity of each No. sold, and a reference to the Day-Book, are next entered under a fractional form the number of yards or pieces being placed below a line, and the page of the Day-Book above it. The totals bought and sold, and the amount on hand, are then brought together in adjacent columns. The value of the quantity of each article on hand is then found at the invoice price. The sum of all these is the total value of goods on hand, which will obviously agree, if the books have been correctly kept, with the amount found at the "taking of Stock" before a general balance.

SET I.

BOOKS OF ADAM BLAIR,

LIVERPOOL

TRANSACTIONS TO FORM THE BOOKS.

[The Student will understand that these "transactions are to serve to him instead of the actual business of an office; and that out of the materials which they supply he is to form the Cash-Book, Day-Book, and Bill-Book of the Set. The year is left to be inserted by him throughout. He will be careful to trust to his own judgment in recording the transactions by Dr. and Cr. in the Cash Book and DayBook, and not to refer to these books for the mode of doing so, unless perhaps in a few difficult cases. The business is that of a "Wholesale Manchester and Woollen Warehouse." At the end of a limited time a partnership is formed, and the business takes a wider range.]

Jan. 1

8

10

12

13

14

|

Commenced business this day with £800 capital. (Note 1.)
Lodged in the National Bank, £750.

Paid Books for the Counting-house-Ledger, 42s.; Day-Book,
10s.; Journal, 12s.; Invoice-Book, 6s.; Letter-Book, 5s.;
Bill-Book, 2s. 6d.; Cash-Book, 5s. (Note 2.)

Received 3 bales Goods, for forwarding which my brokers, Mitchell & Graham, charge 4s. each; other charges, 24s.

Paid Carriage, Cartage, &c., of the above, 38s.

Sold for Cash, No. 7, 72, 70 yds. Drab Cord, at 1s. (Note 3.)
Paid Freight of a box Linens, 10s.

Sold S. Moore, Chester, No. 1, 22 yds. at 5s.; No. 4, 21 yds. at
73. 6d.; No. 9, 63, 65, 64, 64, 64, 320 yds. at 1s. 6d.; No. 11,
5 pieces, 140 yds. at 8d.; Canvas and Rope, 4s. 2d.

Received payment of S. Moore's account, having allowed him
2 per cent Discount.

Paid J. Wright & Co. amount of their account, as per Inv. Book,
p. 1, off which they have allowed me 2 per cent Discount.
Accepted J. Nesbett & Co.'s Draft on me, for amount of Invoice,
as per I. B., p. 1, at 2 months from 1st inst., payable in London.
Sold J. Johnson, Lichfield, No. 5, 24 yds. at 15s.; No. 8, 70, 71,
69, 210 yds. at 1s. 2d.; No. 13, 26, 26, 52 yds. at 10d.; No.
16, 10 pieces at 16s.; Canvas and Rope, 3s. 6d.
Sold Joseph Smith, Shrewsbury, No. 23, 45 yards at 9d.; No.
24, 45 yds. at 1s.; No. 27, 44 yds. at 2s. 6d. ; No. 28, 10 pieces
at 12s.; No. 31, 10 pieces at 16s.; No. 21, 75, 77, 152 yds.
at 1s. 4d., Canvas and Rope, 5s. 6d.

Drew from the National Bank, £100.

Bought of the National Bank Bill Receivable No. 1, £47: 16:4, drawn by S. Park on J. Kirk, Liverpool, at 1 month from 1st inst., payable in London.

Remitted Martin & Day, Bill Receivable No. 1; which, with 12
per cent Discount, is amount of their account, as per I. B., p. 1.
Drew on J. Johnson, at 3 months for amount of his account.
Drew from the National Bank, £150.

Paid Wilson & Blair, amount of their account, as per I. B., p.1.
Received 5 bales Goods, for forwarding which my brokers, Mit-
chell & Graham, charge 4s. each; other charges, 26s. 8d.
Paid Carriage, Cartage, &c., of the above, 88s. 6d.

Sold for Cash, No. 19, 1 piece at 17s. 6d.

Drew from the National Bank, £100.

Remitted Pearson & Reid, Leeds, Bank Post Bills, No. 100,

£50; No. 5600, £106:7:6; which, with 1 per cent Discount, make amount of their account, as per I. B., p. 2. Lent A. B. £50, to be repaid 24th inst.

Received J. Johnson's acceptance.

Received £50, lent A. B. 20th inst.

Received Joseph Smith's acceptance, for amount of his account, at 2 months from 14th inst., payable at National Bank here. Sold for Cash, No. 28, 1 pair at 10s. 6d.

Paid Paper-Common, 11s. ; letter, 6s.; Wafers, 5d.; Steel pens, 2s. 6d. (Note 2.)

Sold J. Campbell & Co., Glasgow, No. 13, 6 pieces, 156 yds.
at 10d.; No. 14, 10 pieces, 258 yds. at 11d.; No. 15, 10 pieces
260 yds. at 8d.; Box, 8s.

Paid Painter's account, 20s.; Carpenter's, 12s; Brush, 2s. 1d.;
Carriage of parcels, 2s.; Postage 3s. 6d. (Note 2.)
House Expenses this month, £18:10s.

Porter's wages this month, 40s. (Note 2.)

[Goods bought this month are at this date entered in Day-Book, and Cash Sales transferred from Day-Book to Cash-Book. Arts. 38, 39.] Drew on J. Campbell & Co., for amount of their account, at 1 month from this date, payable in Glasgow.

Sold J. Grey, Dublin, No. 2, 23 yds. at 5s. 6d.; No. 3, 19 yds. at 8s. 6d.; No. 6, 26 yds. at 16s.; No. 7, 70, 70, 140 yds. at 1s.; No. 8, 74, 71, 145 yds. at 1s. 2d.; No. 9, 75, 76, 75, 226 yds. at 1s. 5d.; No. 10, 10 pieces at 15s.; Packing, 4s. 6d. Accepted Preston & Co.'s Draft, for amount of their account, as per I. B., p. 2, at 2 mo. from 1st inst., payable in London. Paid Freight of Linens, 25s.

Received J. Campbell & Co.'s acceptance.

Sold for Cash, No. 26, 44 yds. at 2s. 6d.

Sold J. White & Co., Chester, No. 17, 20 pieces at 20s.; No. 18, 20 pieces at 16s. 6d.; No. 19, 10 pieces at 18s.; No. 20, 60, 62, 61, 61, 60, 304 yds. at 1s. 2d.; No. 22, 70, 72, 142 yds. at 1s. 6d.; No. 23, 45, 45, 45, 135 yds. at 10d.; Canvas and Rope, 5s. 6d.