Joint stock company bookkeeping, with general and technical information respecting incorporated companies . Aug 114 5118118118 1195 By Bills Payable, Bank of Montreal, A. B. Gilbert, M. McCormick, General Expense, Dividend No. 1, Bank of Montreal, Retired our Note, favor L. Shickluna, Deposited, Balance of Salary, Balance of Salary, Amount paid to directors for services as per resolution of the Board,Payments as per Dividend Sheet No. 1Deposited, $ 1500 00 1550 00 2IOOO 00 3750 00 2300 00 $30100 00 417 57 30517 57 17440 00 1850 00 300 J 00 45° 00 *6oo 00 5000 00 1144 57. fNoTE.—Trial Balance t
Joint stock company bookkeeping, with general and technical information respecting incorporated companies . Aug 114 5118118118 1195 By Bills Payable, Bank of Montreal, A. B. Gilbert, M. McCormick, General Expense, Dividend No. 1, Bank of Montreal, Retired our Note, favor L. Shickluna, Deposited, Balance of Salary, Balance of Salary, Amount paid to directors for services as per resolution of the Board,Payments as per Dividend Sheet No. 1Deposited, $ 1500 00 1550 00 2IOOO 00 3750 00 2300 00 $30100 00 417 57 30517 57 17440 00 1850 00 300 J 00 45° 00 *6oo 00 5000 00 1144 57. fNoTE.—Trial Balance taken at this point 112 GENERAL LEDGER. The first accounts in the General Ledger are those of original sub-scribers for Stock, and the Capital Stock Account; the former close as soonas all calls of stock are paid; the latter is a permanent credit, only affectedwhen the Capital Stock of the Company is either increased or the event of the Ledger being closed before stock is fully paid up, close theaccounts of shareholders By Balance, as you would any other personalaccount showing a debt to the Company. In the Balance Sheet put thematter thus : Capital Stock subscribed, say $50,000 unpaid, 60 per cent 30,000 paid up $20,000 Capital Stock Account in the General Ledger will agree with the firstfigures; the total debit balances against the shareholders in the GeneralLedger will agree with the second figures; and the total of the amountscredited to Shareholders in the Stock Ledger will agree with the last. to 122). When the Stock is fully paid up, the Sto
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