1825.

Jan. 31 To bal. on old acc't. 16 Feb. 52 By cash in full

Cr.

16

Jan. 3 1 Tobal. on old acc't. 12 Feb. 123 By cash in foll

12

1825.

CHARLES LYMAN

1825.

Cr.

Mar. 74 To 64 quintals fish | 2763 Mar. 225 By cash in full

27/631

21 45 Mar. By 1 hhd.W. I. rum 47 25

Book-Keeping, by Single Entry, shows clearly the state of accounts with
individuals dealing on credit, but does not exhibit the true state of his af
fairs to the book keeper himself. If, therefore, he wishes to know his profits
or losses by his business, he must take an inventory of his stock on hand,
balances on book and ready money, and this inventory compared with that
taken at the commencement of business, will show the gain or loss by trade.

Inventory taken from the foregoing example; April 3, 1825.

1, 2

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