. Book-keeping in the true Italian form of debtor and creditor by way of double entry, or, Practical book-keeping exemplified from the precepts of the late ingenious author of mercantile arithmetic. f the Accounts of Balanceand Profit and Lois, are carried to the Account of Stock. But more ofthis hereafter. See Part yi. The imaginary Accounts of Gain, or Lofs, are Branches of the Stock •Account, ot which they (hew the feveral Augmentations or 1 loie, and cannot regularly charge that Lofs-on any of my RealAccounts, or Ccrrefpondents, I make fuch an imaginary Account, as beftcxp
. Book-keeping in the true Italian form of debtor and creditor by way of double entry, or, Practical book-keeping exemplified from the precepts of the late ingenious author of mercantile arithmetic. f the Accounts of Balanceand Profit and Lois, are carried to the Account of Stock. But more ofthis hereafter. See Part yi. The imaginary Accounts of Gain, or Lofs, are Branches of the Stock •Account, ot which they (hew the feveral Augmentations or 1 loie, and cannot regularly charge that Lofs-on any of my RealAccounts, or Ccrrefpondents, I make fuch an imaginary Account, as beftcxprcfles the Nature of that Lois. Dr.; becaufe the Lofs falling immediatelyon mylclf, and being not to be afcribed to any Perfon, or Thing, muft becharged to the Accounts which reprefent myfelf, as all thofe Accounts do,inafmuch as they are Branches of the Stock Account. Likewifc when Igain, and have no Reafon to give Credit for that Gain to any Real or Pcr-iohal Accounts, I make fuch an Imaginary Account as beft reprelents theNature of that Gain, Cr. bccaulc the Gain belonging to myfelf immedi-ately, the Credit muft be given to fomc Account that represents my Perfon. END of the SECOND PART according to the Modern Method. 15 BEFORE you attempt the Balance of the Legtr, you ought firft to befatisfied that there is no Error therein that may hinder it, or give youa falfe State of the Accounts. Though Care and Inftru&ion may preventa Multitude of Errors, yet as fome Miftakes may efcape the moft wary andexpert; it is neceflary to find out where thole Errors he, and alio to correctthem when found out. As to the Difcovery of Errors, there are two Methods to be obferved,viz. The firft is to prick or point the fecond is to make a Trial Balance. EVERY Week, or at fartheft every Fortnight, compare what is poftedof the Journal with the Wajle-Book, to lee if the leveral Articles beexactly pofted, and the Sums rightly added. If you find a Miftake corredit immediately, before
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