Practical Book-Keeping Adapted to Commercial and Judicial Accounting; With Sets of Books and Forms of Accounts ~ Paperback ~ Frederick Hayne Carter

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1890 Excerpt: ... balances brought forward from the preceding month--which are in an inner column--are carried into an outer column, which thereupon exhibits the accumulation of the receipts or expenditure, under their proper headings, from the commencement of the financial year. This system, from its simplicity, possesses the peculiar advantage of being easily acquired by those who do not profess to be Accountants or Book-keepers; hence its suitability for Charitable Institutions, in which the offices are often honorary, and held by parties who cannot be expected to possess these qualifications. There are other institutions, however, which combine an industrial principle with the charitable element; that is, the objects of the charity are expected to apply themselves to some manual or mechanical employment, for which they are paid regular wages, the institution deriving the benefit, if any, which may arise from the sale of goods so manufactured: for instance, the Royal Blind Asylum in Edinburgh, which is professedly an industrial establishment, the inmates, although blind, being taught to weave, to make baskets, bedding, brushes, mats, and matting, and a variety of other articles. A large number of blind men, women, and boys are constantly employed, and the work turned out is very considerable, as will be seen from the Abstracts of Accounts, of which a form is annexed. It can be understood that there are necessarily many drawbacks, which render it impossible to support such an institution as this without appealing to the public for support in the shape of subscriptions or donations; hence the necessity of having a particular and thoroughly well organized system of Accounts and Books, so as to define and separate the charitable and mercantile elements, showing the proper wo...