60 BOOKKEEPING Set VI.—D. E.—Grocery and Provision Business.
Special Features.—Use of drafts. Introduction of the Bill Book as an auxiliary book. Instructions :
Books to be used—Business Papers, Journal Day Book, Cash Book, Bill Book, and Ledger.
Business Papers :
C1. Inward.—Notes on April 1, 6, 9, 22 ; Cheques on April 4, 11 ; Drafts on April 9, 19, 20.
Outward.—Note on Apr. 1 ; Deposit Slip on Apr. 3 ; Cheques on Apr. 3, 6, 13, 18, 25,
26, 29) Drafts on Apr. 4, 10, 15, 24, 27 ; Invoices on Apr. 4, 6, 9, 11, 12, 15, 22.
Make out business papers, journalize, and write up the Cash Book and Bill Book ; post ; take a Trial Balance ; take stock ; make Financial Statements (Loss and Gain, Summary, and Asset and Liability) ; close the Ledger. Personal Accounts should be closed when they balance. Leave room for the accounts of Set VII. under those of Set VI.
In the business papers and in the Bill Book, make all your own notes and acceptances payable at your own Bank ; and make other persons' notes and acceptances payable at their own town or city. Consult the calendar for the current year when determining the due dates. When the last day of grace falls on a Sunday, or any legal holiday, take the next business day following as due date.
Bain, S., St. Mary's, Out. Peterson, D., Galt, Ont.
Smith, W. D. & Co., Limited, Toronto, Ont. Simpson, D., Stratford, Ont.
Mason, P. & Co., Hamilton, Out. Williams, R., Galt, Ont.
Mathews, R., St. Mary's, Ont. All Others, Guelph, Out.