. The American florist : a weekly journal for the trade. Floriculture; Florists. '9J5- The American Florist. 157. DANIEL MACRORIE, SAN FRANCISCO, CALIF. Vice-President Society of American Florists. as well as a pleasure to all whom he may have any occasion to show or tell it to. The most satisfactory system of hook-keeping is the double entry sys- tem, which as its name implies, re- quires two entries for each trans- action. This may sound like too much work to do, but by it one can always tell if all items have been posted in the proper amounts. There are only two fundamental rules to be foll
. The American florist : a weekly journal for the trade. Floriculture; Florists. '9J5- The American Florist. 157. DANIEL MACRORIE, SAN FRANCISCO, CALIF. Vice-President Society of American Florists. as well as a pleasure to all whom he may have any occasion to show or tell it to. The most satisfactory system of hook-keeping is the double entry sys- tem, which as its name implies, re- quires two entries for each trans- action. This may sound like too much work to do, but by it one can always tell if all items have been posted in the proper amounts. There are only two fundamental rules to be followed to carry out this system, and they are: "All items, cash, flowers, merchandise or whatever we may 'take in' go on the credit side of the proper account, and all items paid out or sent out, go on the debit side of the proper ac- ; The other rule is based on the same principle and is "for every debit there must be a corresponding credit, and conversely for every credit there must be a corresponding ; For instance, we will send to our flower store a dozen American Beauty roses; we debit our flower store account, 1 dz. A. B. roses $; we credit our green- house sales account by 1 dz. A. B. roses to flower store $ Our flower store sells these to Mrs. John Doe for $5, so we credit flower store sales ac- count by $5 and charge Mrs. John Doe's account 1 dz. A. B. roses $5. Later Mrs. John Doe sends us a check so we credit her account, $5 and charge cash account, $5. Thus by charging the proper or selected accounts with the items properly belonging thereon, and crediting these accounts with all items belonging thereon, one is able to determine if it is profitable to run an uptown flower store, or to hire deliv- ery men, or to know out of which flowers, profits are made, etc. In conclusion of these subjects, I would say the moral of all this talk is— "Don't hide your light under a bushel," but let it shine by careful, judicious adv
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