15. What is meant by a _book inventory_? How can the receipts be determined? the disbursements or quantities sold? 16. What is the _reverse_ or _slip posting system_? How is it operated? 17. Describe, briefly, the _loose-leaf ledger_. Describe the principal methods of indexing. Name some of the advantages of the loose-leaf ledger. 18. For what classes of accounts is the card ledger specially desirable? What are the principal methods of indexing the card ledger? 19. What is a _tabular ledger_? Describe the Boston Bank Ledger. Is a tabular ledger well adapted for commercial accounts? 20. What is meant by a _balance ledger_? What are its advantages? 21. Prepare a form of cash journal segregating administrative, selling, and manufacturing expense for an imaginary business, or one with which you are familiar. 22. Prepare a form of sales journal for a business having five departments. REVIEW QUESTIONS ON THE SUBJECT OF TRUSTEES' ACCOUNTS; STOCK BROKERS' ACCOUNTS 1. From an accounting standpoint, into what two classes can business be divided? What is the position of the trustee of an estate, as against the public? 2. Describe the essential features of the _accounting_ of an executor. 3. In what two forms may an executor's accounts be kept? By what term are his accounts with properties known? 4. What are the proper classifications of an executor's accounts? 5. Two trustees collect in one year an income of $50,000.00 for a beneficiary, at an expense of $3,100.00. If each trustee receives an equal share, what commission should each receive, and what amount will be paid to the beneficiary, under the New York law? Prepare a complete solution of this problem. 6. Prepare a solution of the following: Four trustees collect and pay out of an estate the sum of $416,000.00, the total debts of the estate being $201,000.00. What commission will each trustee receive? 7. Prepare a statement of the executor's accounts—from the particulars given on Pages 17 and 18—showing the balance due each legatee. 8. What is a _realization and liquidation account_? How is it made up? 9. What is a _statement of affairs_? In what respect does it differ from a balance sheet? 10. How does a statement of affairs of a bankrupt differ from that of a going concern? 11. What is the purpose of a _deficiency account_? 12. Wm. Andrews, finding himself on July 1st unable to meet his obligations, asks you to make up his statement of affairs for submission to his creditors, and a deficiency account for his own information. You find from his books and other sources the following facts regarding his business: