_Valid_--Legal or binding; usually applied to a properly executed contract. _Value Received_--Used in notes to indicate that value has been given. _Void_--Without legal force; not binding. _Voucher_--A receipt; a document which proves the accuracy of an account or the authority for an expenditure. [Illustration: Voucher] _Warehouse_--A building used for storage purposes. _Warehouse Receipt_--A document acknowledging the receipt of goods for storage in a warehouse. _Warranty_--An agreement to assume responsibility if certain facts do not prove as represented. _Way Bill_--A document containing a list of goods shipped by a railroad. _Wholesale_--A business which sells goods in large quantities, usually in original packages and to the trade only. _Working Capital_--The capital actually used in the active operations of a business. COMMERCIAL ABBREVIATIONS The commercial abbreviations in the following list are in constant use in the various lines of trade, and should be thoroughly understood by the student of accounting. A 1 First-class acct. Account ad Advertisement Agt. Agent amt. Amount Ans. Answer Art. Article asstd. Assorted Ass't. Assistant Atty. Attorney bal. Balance bbl. Barrel B. B. Bill Book bds. Boards bdls. Bundles bgs. Bags bk. Book bkt. Basket B. L. or B/L Bill of Lading bls. Bales bot. Bought B. P. or B/P Bills Payable bro't. Brought B. R. or B/R Bills Receivable B. Ren'd. Bill Rendered bu. Bushel bx. Box C. B. Cash Book ¢ or cts. Cents chgd. Charged c. i. f. Cost, Insurance, and Freight ck. Check cks. Casks, Checks Co. Company C. O. D. Collect on delivery Coll. Collect or Collector Com. Commission Com'l. Commercial Cons'd. Consigned Const. Consignment Cr. Credit or Creditor ctg. Cartage cwt. Hundredweight D. B. Day Book Dept. Department dft. Draft dis. or Disc't. Discount div. Dividend do. or ditto The Same doz. Dozen Dr. Debit or Debtor ds. Days ea. Each E. E. Error excepted E. and O. E. Errors and omissions excepted e. g. For example Ent. Entry or Enter Ent'd. Entered etc. or &c. And others; And so forth Exch. Exchange ex. Express exp. Expense Exr. Executor f. o. b. Free on board fol. Folio; Page of a book f'd, ford. Forward frt. Freight ft.