CHAPTER V.

STOCK.

WE are now prepared to consider the final stage of the book-keeping appertaining to the production and disposal of commodities. In the preceding

Résumé.

chapters we have endeavoured to show as comprehensively as the limits of this treatise admit, the manner in which the multifarious transactions relating to the purchase and expenditure of labour and material are recorded in the factory books, and how those books assimilate to the commercial accounts of a manufacturing business.

In the second chapter we have dealt with the employment of labour and the payment of wages; in the third, with the purchase and consumption of materials or stores, and in the fourth, with the prime cost of the manufactured article called stock.

Manufactured commodities.

In this chapter we propose to trace the records which should be made in connection with the realization or distribution of the manufactured commodities. This branch of our subject embraces, so far as book-keeping is concerned, four distinct classes of transactions:

Four classes of trans

actions.

1st. The transfer of the finished article from the factory as stock into the warehouse.