Remarks.—1. The Pupil is advised to journalize the transactions by Double Entry first, and then to make separate entries by Single Entry for each personal account mentioned in the Double Entry. He will thus understand the Single Entry through the Double Entry, and will readily see that Single Entry is, in the main, Double Entry with the impersonal accounts dropped out.
The money columns may be used as Dr. and Cr. columns respectively ; but when this is done, it necessitates the placing of the price and the figures of the Items column in the explanation space, which is neither convenient nor practical. The method of entering, shown on the previous page, is preferable.
The Journal is not much used in actual business. The Order Book and the Counter Check Book are used as posting media, leaving few entries for the Journal
131. Order Book—Single Entry—Illustration Set.
The entries are made in the Order Book when the customer gives his order, and are usually made in lead pencil ; from this book the goods are put up ready for delivery. In this set, we have transferred the sales on account from the Order Book to the Journal and posted them from the Journal to the Ledger. No entry is made for the sales for cash recorded in the Order Book, the money from these sales being put in the till and included in " Cash Sales for the Week." The Order Book may be used in Double Entry also.
Would it do to post the sales on a/c, directly from the Order Book to the Ledger ? Would it be better to do so ? Why ? Compare the two methods of entering items on the 5th and 18th. The check mark (,`/) indicates transfer to the Journal ; if posting is done directly from the Order Book to the Ledger, this column is used for ledger pages.
ST. CATHARINES, November 4, 19-. Items. Totals.