Grain, flour, hay, and seed merchants' accounts . nterest ..,, Balance 2 x £ s d 500 15 0 0 /20 0 0 Dr. LIGHTERAGE 1902Feb. 15 To Cash (Old Lighter Co.) GRAIN, FLOUB, ETC., ACCOUNTS. (DRAWING ACCOUNT). 1902June 30 Cr. By Interest on Capital,, Profit and Loss Account 2 5 £ 75 s d0 00 0 £ 0 0 (DRAWING ACCOUNT). 1902June 30 By Interest on Capital,, Profit and Loss Account Cr. 25 £ s d 45 0 0 3,828 10 1 £ 10 1 ACCOUNT. Cr. 1902June 30 1902July 1 By Rents, Sec. By Balance 3 £20 s d0 0 £20 0 0 15 0 0 ACCOUNT. Cr. 1902June 30 By Profit and Loss . £ s d1 1 o 82 GRAIN, FLOUR, ETC., ACCO
Grain, flour, hay, and seed merchants' accounts . nterest ..,, Balance 2 x £ s d 500 15 0 0 /20 0 0 Dr. LIGHTERAGE 1902Feb. 15 To Cash (Old Lighter Co.) GRAIN, FLOUB, ETC., ACCOUNTS. (DRAWING ACCOUNT). 1902June 30 Cr. By Interest on Capital,, Profit and Loss Account 2 5 £ 75 s d0 00 0 £ 0 0 (DRAWING ACCOUNT). 1902June 30 By Interest on Capital,, Profit and Loss Account Cr. 25 £ s d 45 0 0 3,828 10 1 £ 10 1 ACCOUNT. Cr. 1902June 30 1902July 1 By Rents, Sec. By Balance 3 £20 s d0 0 £20 0 0 15 0 0 ACCOUNT. Cr. 1902June 30 By Profit and Loss . £ s d1 1 o 82 GRAIN, FLOUR, ETC., ACCOUNTS. Dr. FREIGHT AND 1902May 24 To Cash (Forward Shipping Co.)„ Do. (T. Ayres) .. f. s d 5 6 0 2 0 0 £7 6 0 Dr. ALLOWANCES 1902June 30 To Profit and Loss £ s d 275 o o i>75 ° ° Dr. DEPRECIATION 1902June 30 To Horses, Offices, &c. £ B d 150 O O Dr. 1902Feb. 6June 30 To 3,555 qrs. Wheat—30/- 500 lbs.,, Profit and Loss JOHN ROSS £ s d 3 2 1,124 10 10 £6,500 0 0 GRAIN, FLOUR, ETC., ACCOUNTS. 83 INSURANCE ACCOUNT. ACCOUNT. Cr. 1902June 11 By Anderson and Macpherson,, Williams and Jemson .. £ 8 d 25 O O 250 o o £275 o o ACCOUNT. Cr. 1902June 30 By Profit and Loss £ » d150 o o (CONSIGNMENT ACCOUNT): Cr. 84 GRAIN, FLOUR, ETC., ACCOUNTS. LEDGER. TRADING AND PROFIT AND LOSS ACCOUNTS. A Trading Account shows the gross profit, or gross loss, asthe case may be, and in the present transactions is preparedas follows: — Z?r. side—Stock at commencement. Purchases, less returns,during the period under review. Cr. side—Total Sales, less returns, during the period underreview. Stock at period of balancing, or of preparing theaccount. If the total debits exceed the total credits, the difference, orbalance, is a gross loss; and vice versa, if the total creditsexceed the total debits, the balance is a gross gain, which iscarried down to the debit (if a loss) or to the credit (if a gain)of the Profit and Loss Account. The Profit and Loss Accountcontains all
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Keywords: ., bookcentury1900, bookdecade1900, booksubjectaccount, bookyear1902
