. Rowe's bookkeeping and accountancy : complete text, presenting the art of bookkeeping in accordance with the principles of modern accountancy . ount ofeach inventory being as follows: sales expense account, $; administrationexpense, $; general expense, $; accrued interest receivable, $(«i359m) Journal entry, rule ^469. Illustration 76. /^Z^^c^r^yj^i.^Sc^J/, /f ^a-Z^^ C^-X-^^fT-^L£^ I CC-eiyt-i-i^t-^^^^^^^y-A^ C<z^;^^.»^^e,X .^^CyLCC^ ^izc-yt^..^^ ta^3:i^l^^:^. JU. ^ Jj, ^O X^\/f ~ r 471a. The above journal entry, when posted, will show the sun
. Rowe's bookkeeping and accountancy : complete text, presenting the art of bookkeeping in accordance with the principles of modern accountancy . ount ofeach inventory being as follows: sales expense account, $; administrationexpense, $; general expense, $; accrued interest receivable, $(«i359m) Journal entry, rule ^469. Illustration 76. /^Z^^c^r^yj^i.^Sc^J/, /f ^a-Z^^ C^-X-^^fT-^L£^ I CC-eiyt-i-i^t-^^^^^^^y-A^ C<z^;^^.»^^e,X .^^CyLCC^ ^izc-yt^..^^ ta^3:i^l^^:^. JU. ^ Jj, ^O X^\/f ~ r 471a. The above journal entry, when posted, will show the sundry resourceinventories account as follows, at the close of the fiscal period. The amount ofeach inventory could be shown separately on the trial balance or the total amountshown by the footing of the account () could be inserted. The account alwaysshows a resource. INVENTORIES 135 Illustration 77. ^^^T.^^^ ^7^..tyf^.,£y. :Jh-t^L/rc^ 3-J- C/W^m. / iSz^^-tftT^-^-g: 1 3 /. .^^^/y£cc^£<n^y.^ 3 A ■•^^ii-d^ M, -A 2U /f jLL-£A /^ j^ Journal entry, rule ^470. Illustration 4716. The above is the journal entry for crediting the sunchy resource inven-tories account al the beginning of the next fiscal period, although it could properly bemade at any time during or at the close of the next fiscal period. It will be notedthat this journal entry is just the opposite of tlie journal entry illustrating rule^[469, the object being to transfer back into the proper accounts the amounts ofthe various inventories, so that the various expenses may be shown in the fiscalperiod in which the materials, supplies, etc., were used. (^468a) The inventoriesaccount balances when the items are posted, and it should then be ruled up andfooted, as shown in the following illustration. Illustration 79. .^fi^^U^f^.€:^4^A^;^t<A^C^^J^7^ZyU-^^ 136 BOOKKEEPING AND ACCOUNTANCY 471c. Instead of entering the inventories separately in the ledger account, asshown in illus
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectbookkeeping, bookyear
