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POSTING ACCOUNTS.-Transferring arcounts from the Day hook to the Ledger is called posting. Commerce with the first name in the Day-book, which in our example is William Smith; begin by writing his wame in a fair hand at the top of the page, with his residence if different from your own, placing Dr. on the left, and Cr on the right of ihe name. As he is debtor to 119 we commence at the left hanıl, writing in the fist column the year, month, and day, in the serond the page of the Day-houk on which the original entry can be found, in the third the name of the article, or iť several articles are recorded under one date, they may be entered with the general designation of sundries or merchandise, and in the fourth column the total amount of the transaction. Against the account in the Day-hock mark the page of the Ledger to which it has been posted : a mark cau also be made to show that it has been trans'erred to the Ledger. Now take the second transaction in the Day.book, and if it is another name iake a new page in the Ledger, and proceed in the same manner as the first.

In this way allihe entries in the Day book are posted to each persou's account, every week or wonth as opportuuity may occur. By snbtracting one side from the other the balance which is due will be found. The specimen page represents three pages of a Ledger, to correspond with the three persous who have transactions in the Day-book.

BALANCE SHEET.—This may be made to accomplish a double purpose, as it will exbibit the state of the owner's accounts, by determining the amounts owing him and that lie may owe, and also prove that the accounts have been correctly poster and added

The method is as follows: rule a sheet of paper similar to leilyur page, for delitor and creditor ; add up all the items of credit on a page of the Day-book, and enter the amount on the sheet, then add the debits in the same manner, and proceed in this way for whatever time it is wished the proof should cover, aidd up the two columns and subtract one total from i he other, and the ditfi-rence will be the balance of the Day-book. Turn to the Ledger and obtain the balance of each person's account, and place it under its proper head; add these opy, and the diff-rence will be the Leflyer bilance. If the two balances agree,

it piroves the entries have been correctly posted. A complete balance shet should be made out once or twice a year, when an inventory of stock ou band is tiken and added to the debtor balances of accounts, and the original capital is adeler to the credit balancer. (or balances we owe,) these coni' are will give the amount of profit or loss. It will be remem. bered that this sheer is an account helwreu ourselves and our books.

All the accounts in the Ledger ouzht to be balanced twice a year. To do this adit npeach column and find the difference, and make an entry of this balance on the side that is smallest (this should be made with red ink to distinguish it from other entries); bo:h sides now being equal. draw a line under them to show the firt. Now place the balance on the composite side, so that it will exbibit the true state of the account. (See M'n. Smitlis account ou the Ledger page.)

CASH-BOOK.

The Cash-book records the payment and receipt of cash. Cash is made debtor to the cash ou hand aud cash receivedl, and crediled with what is paid out. At the close of e:ch day or week, the cash on bau is cointed, and the amount en. tered on the credit side This should make the debits and credits equal; the amount of cash on hand is then entered on the debtor sine. If money is paid to or received from a person who has an account with us it is also entered in the Dạy.book : the total receipts and expenditures are carried to the Day-book as often as the Cash book is balanced. (Sre form of Casb-book.)

Farmers and mechanice who make hat few entries, and therefore require but one book for their accounts, can adopt the plan of the Ledger, omitting the col. umn for day-book page, and make their original entries on a page devoted to each person with whom they deal. It should have an index like the Ledger.

Day-Book.

PETER STONE, GENEVA, New YORK, OCTOBER 2, 1850.

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10 Henry Jones X 2 By Cash to balance account..

12 William Smith X 1 By his note at 3 months from date......

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1850.

1850. Oct. 2 To cash on hand $15000 Oct. 2 Paid rent of store 6 mos. $ 7500 5 Received of C. Johnson 3000

3 Charles Johnson.. 50 00 5 Order on P. Wilkins.. 21100 " 7 Charles Johnson. 44 40 9 Receipts of store...... 106 75 9 expenses in store 8,20

9 Cash on hand..... 130 15

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Oct. 9 To cash on hand

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INTEREST.

Principal is the sum on which interest is paid. Interest is the compensation charged by the lender to the borrower for the use of the principal. and is the real meaning of the word usury, though this term is now understood as a rate above legal interest: usarious interest, therefore. is the amount above the legal rate established by the state. Amount is the principal and intereft added together, or the whole sum of several items. Per cent. is a rate on a hundred dollars, cenis, or pounds, allowed by the lender for the use of money. Per annum signifies by the year. Per cent. per annum means the rate of interest on a hundred for one year, as six per cent. per annum means six dollars to be charged for the use of one hundred dollars for one year. Discount is a deduction of the interest from the principal at the time the money is lent; or an allowance of interest on a sum paid before it is due; or a sum less than par value. Commission or brokerage is the percentage allowed for services in buying, selling, or transacting business, for another. Par or nominal value is the sum expressed on the face of a stock certificate, note, coin, &c. Premium is a sam charged for insurance, or is the sum exceeding the par value of anything.

INTEREST TABLE, AT SIX PER CENT., IN DOLLARS AND CENTS, FROM ONE DOLLAR TO TEN THOUSAND.

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INTEREST TABLE, AT SEVEN PER CENT., IN DOLLARS AND CENTS, FROM ONE DOLLAR TO TEN THOUSAND.

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TABLE FOR BANKING AND EQUATION, Showing the number of Days from any Dute in one Month to the same Dnte in

any other Month.. Ecrimple : Hoir mony Dirys from the 2d of February lo the 2d of August. ?. Look for February at the left hand, and Argust at the top-in the angle is 181. In leap-yesir, add one day if Februney be includedo

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365! 31 59 90 120 151 181 212 213 273 304 334 334 365 28 59 89 120 150 181 212 242 273 303 306 337 365 31 61 92 122 153 184 214 245 275 275 306 334 365 30 61 91 122 11.53 183 214 244 245 276 304 335363 31 61 92 123 153 184 214 214 245 273 304 3334 365 30 61 92 122 153 183 184 215 243 274 304 3:35 36.5 31 62 92 123 153 153 184 212 243 273 304 334 36.5 31 61 92 122 12 153 181212:242 273 303 334 36.5 30 61 91

9:21:23 151 182 212 243 273 3114 335 365 31 61 61 92 120 151 181 212 242 273 304 334 36.5 30 31 62 90/121 151 132/212 243 2741304 335/365

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