The Science of Double-entry Book-keeping: Simplified by the Application of an Infallible Rule for Journalizing: Calculated to Insure a Complete Knowledge of the Theory and Practice of Accounts: Being a Series of Well-selected Mercantile Transactions, So Arranged as to Form a Complete Course of Practice and Instruction ...

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Hogan & Thompson, 1851 - Bookkeeping - 218 pages
 

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Page 7 - Multiply the amount of the smaller side by the number of days between the two average dates, and divide the product by the balance of the account. The quotient will be the time...
Page 8 - Multiply the sum by the rate per cent. and divide the product by 100: or, as $100 : to the rate per cent.
Page 2 - Entered, according to Act of Congress, in the year 1853, BY JS REDFIELD, in the Clerk's Office of the District Court of the United States, in and for the Southern District of New York.
Page 6 - The allowance in either ease is found by multiplying the given sum by the rate per cent., and dividing the product by 100, or cutting off two figures to the right.
Page 6 - To find the interest of any given sum as computed at the banks, at 6 per cent. RULE. 1. Multiply the dollars by the number of days, and divide the product by 6; the quotient will be the interest in mills. Or, 2. If the principal be any number of dollars, the interest for 60 days, at 6 per cent, will be exactly...
Page 64 - By Journal laws, what I receive, Is debtor made to what I give.
Page 3 - Multiply each item in the account by the number of days from its date to the date of settlement, or to any given date to which it is desired to n'nd the interest.

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