Set II.—Double Entry—Grocery Business.
Special Features.—The application of the forms and ruling, as illustrated in Set I. Instructions :
(a) Books to be used—Business Papers, Journal Day Book and Ledger.
(b) Business Papers :
Inward.—Notes on Jan. 2 and 22.
Outward—Note on Jan 244 Receipts on Jan. 10 and 29.
(c) Make out business papers and journalize ; post to the Ledger; take a Trial Balance ; take stock ; make Statement of Losses and Gains, Summary of Proprietor's A/c and Statement of Assets and Liabilities (Sec. 11); and close the Ledger. Close no asset and liability accounts, excepting Cash Account. Bring down the following balances so as to continue Set III. under the same Ledger headings: R. J. Potter's Net Capital, Jldse. Inventory, Real Estate Inventory, and Cash Balance.
Dow, L., Owen Sound, Ont. Street, M., Montreal, Que.
Moore, P., Whitby, Out. All Others, Toronto, Out.
Ledger Lines for Sets II. and III.
In the accounts below, the first figure shows the number of lines for Set II., and the second figure the number for Set III. When an account is not the first one on the page, leave three lines for the ledger heading (H), which should be written on the middle line, or one above the ruling. (See Sec. 56.) The small figures on the left (1, 2, 3, 4) indicate that the first two accounts will take one page of Ledger, the next two another page, and so on. See p. 6.