| XXX | (*D) | XXX |
B O O K - K heat proceeds, and his proportton the company accomprs are finiflied. of lofs, if any, when a. A. B hif accompt proper. This is a perfonal acco'mpt, which is debited and credited for the mutual debts contraded and payments made betwixt you and partners. Note i. If the comoany deal in foreign trade, you who manage as truftee will have occafion for other accotnpts, vb.. Voyage in company, Paftor our accompt current, <bc. all which are ufed the fame way as their parallels in proper foreign trade. 2. As proper, you mufffor keep an accomptlb, inifcotnpany, miNote aa accotnpt each partner; thefe be compared with the accompts of the like name kept by the partners, they will be found exa&ly the reverfe of one another; that is, the Dr fide of the accompts kept by you will be the fame with the Cr fide of thofe kept by partners ; and on the other hand, the Cr fide of the former will be exactly the Dr fide of the latter. Note 3. Inflead of the title 4. B his accompt proper, a great many ufe A. B. his accompt current. And it mud be owned the merchant is at liberty to do in this as he inclines ; it comes to the fame thing in the iflue, only the one title is more didindive than the other. Prob. 1. S. Dr and Cr applied, nohen goods are brought into company. Cafe 1. If the goods are bought, (which is either from you the truflee, or from a partner, or from a neutral perfon,) enter twice; viz. iji. Goods in company Dr 'ToGoods proper, if bought ofyourfelf, forvalueof ’Yo Part tier's accompt proper, if of a partner, > the goods To Cash, or Seller, if of a neutral perfon j bought. 2dly, Charge each partner his accompt-proper Dr to ditto his accompt in company, for his part of the purchafe Oft. 26. Nov 22 perfon for goods bought on time, charge the laidK jts.PerjtttWhenDr U)vouCa/patk ; aandneutral there is no fecond entry Off. 27. Mov. 2?. But Sundries, viz.or abated. to Cajh, 2:forEach the fumpartner’s paid, andaccompt to Goods company, for thebisfumacdiscounted in comintuny Dr to ditto compt-l' (hare ofpartner the fum difeoumed Caferoper,2. forIfhiseach bring in orjuftabated. his own part of goods to company, enter once ; viz. Goods in company Dr to Sundries, viz. To Goods proper, for value of your (hare, To each Partner his accompts in company, for value isofihorter thtirthan(hares. i. would This toandenterproveas theif thefamegoods were bought, though thatvolt way alfo be right, in effeft. - i.Eiiteraifoasabove.ifthepartn ucu ishismepart lameofthing, ifupononlyhuyingol the
- h you buymllantly
g(goous; or,pay»1down the price, Cam, and part.received Oil 22.from feownmoney the partners, encompany Dr to Cijb, for tlieir value; and Cafe 3. 11 you or partner pay charges on goods brought into company, as carriage, infurance, <bc. this augments the coll, and mud be entered as the coft, namely, Jl, Goods in company Dr F > Cash, if paid by you. Oft 25. Nov 1. To Partner, his accompt proper, paid by him. idly Each partn r his accompt proper Dr to ditto his accompt in company, for his (hare of the faid charges.
(D*) I N G. Prob. 2. T. Debtor and Creditor applied, when goods in company are difpofsd of. Cafe i. If goods in company are fold, (which is cither to you the truftee, or to a partner, or to a neutral perfon,)Goods a double is neceifary
- viz. Jl, D
proper,entryio& io youVtV, Partner's accompt-proper, if to him on time, > Dr Cash, or Buyer, if to a neutral perfon, J To Goods in company, for their value in the (ale. 2dly, Each partner his accompt in company Dr to ditto his accompt proper, tor his lhare of the fale. Oft. 29, Nov. and 30.are theDec.fame2.when18.youand 28.freight for a Ihip in comKme 1.Oft1.The pany. .When 2?.entries Dee. receive 27. payment for goodsreceive Note 2. perfon, you m company folentry. d, to aNon.neutral charge I' b Dr to the Buyer
and there is notoformerly fecondbuver;. 1. Dec 13.; oeceffary But if:younamely, allow difeount the a iji. Sundriesor abatementibated) Drs to the Buyer; Each partner ny,Note'-or}his.idly.part of the difi If goods in coi Cafe 2. If goods in company are difpofed of in barter, for other goods of the fame value brought into it, charge Goods in company received Dr to Goods in company delivered ; and there is no fecond entry. Dec 7. Note 1. If the goods to be received and delivered be of different values, a double’entry will be neceffary: As, fuppofe a truftee engaged in company with A B each 4. (hould deliver 80 l. worth of broad cloth, in company, for tobacco to the value of 100 /. ; in this cafe he enters twice: ft, Tobacco in company Dr to Sundries, viz. to Broad cloth in company, Sol. and to Caflo, or Dealer, 20 /.; 2dly, A. B. his accompt proper Dr to ditto bis accompt in company, 10/. for his (hare of the money now laid, out or due to Dealer. Again, invert the fuppolition, and admit, that he delivers broad cloath in company to the value of 100 /. and receives 80 /. worth of tobacco, the reft in money, or due by his dealer; in this cafe he enters alfo twice: Ji, Sundries [viz. Tobacco in company, 80 /. and Cash, or Dealer, 20 l.) Drs to Broad cloth in company ; 2dly, A. B. his accompt in company Dr to ditto his accompt proper, 1 o l. his part of money received, or due by Dealer. Note 2. If you barter goods in company, for others which you rake to yourfelf, enter alfo twice: iji. Goods proper received Dr to Goods in company delivered ; 2dly, Each partner’s accompt in company Dr to ditto his accompt proper, for his part of fale. In like manner, if you barter goods of your own, for others which you bring into company, enter twice: viz. iji. Goods in company received Dr to Goods proper delivered; 2dly, Each partner his accompt proper Dr to aitto his accompt in company, for his p rt of purchafe. Cafe 3. If you or partner withdraw juft your or his exaft part of goods in company remaining unfold, enter Goods proper, if withdrawn by you, .Partner's accompt in company, if by him, ► Dr To Goods in company, igr their value in company. Dec. 24. Nol£
