To 3 hhd. of molasses at $20 each, x1.To 3 bar. of salted shad at $8 per barrel To 4 kegs of raisins at $2 per kg. X1. By Cash, By his note of this date, due Dr. 24,00 8,00 9200 Cr. By 1167b. of beef at 8 cts. per lb. By 50bu. of oats at 37 cts. per bushel, 18,50 2778 Jared Newton, x1.To 1 piece of linen 36 yards, To 3 yds. of broadcloth at 4,50 per yd. 13,50 2,76 5876 LEGER. THE LEGER is a book into which is collected, in a condensed form, all the scattered accounts from the DayBook. Two columns should be ruled on the right of each page of the Leger, one for dollars and one for cents; there should also be two columns on the left, one to insert the date of the transaction, and the other for inserting the page of the Day-Book from which the account is transferred. Two pages of the Leger, facing each other, are generally used in stating an account, though sometimes a page is divided into two equal parts, in which case each part may be considered as forming a separate page. The name of the person with whom the account is stated should be written in large letters at the top of the left-hand page. The Debits are entered on the left-hand page, and the Credits on the other page directly opposite. The difference between the debits and credits, is always entered under the least sum, when the account is closed, and is called the balance, as in the account of John McNeill. At the top of the left-hand column, we enter the year, under which, we enter the day of the month on which the transaction took place; and in the adjoining column, we enter the page of the Day-Book from which the account is transferred. When there are several articles charged in the DayBook, we need not specify them all, but may enter them in the Leger under the general name of "Sundries.” Having posted the account, we enter the page of the Leger to which it has been transferred, in the left-hand column of the Day-Book and opposite the account, and make a mark to catch the eye and show that the account is posted. We begin posting with the account of George Wilson, who stands charged on the Day-Book with $112,20. Having posted the first charge, we run the eye carefully through the Day-Book, to see if there are any other When a charge is entered on the wrong side of the Every Leger should have an Index, where the names When a Leger is filled, all the accounts are balanced, |