_Dr._ _Cash_ _Cr._ +------+-------+-------------------------------++---+----+----++----+----+----+ | Date |Fol. in| || £ |_s._|_d._|| £ |_s._|_d._| | 1825.| Ledger| || | | || | | | |Jan. 6| |Agreed this day with R. P. to || | | || | | | | | | accept as a compensation for || | | || | | | | | | a Heriot, due on the death of || | | || | | | | | | his father, £30. || | | || | | | | | +-------------------------------+| | | || | | | | 17| |Rec^d. of C. L. for half year’s|| | | || | | | | | | rent, due at Christmas last || 25| 0| 0|| | | | | | +-------------------------------+| | | || | | | | 21| |Rec^d. of S. R. for one year’s || | | || | | | | | | rent in full, to do. || 75| 0| 0|| | | | | | +-------------------------------+| | | || | | | | 31| |Paid the following persons || | | || | | | | | | their bills:— || | | || | | | | | |T. M. saddler, as pr. bill to || | | || | | | | | | Xmas. || | | || 22| 5| 0| | | |W. R. Smith do. do. || | | || 29| 6| 0| | | | |+---+----+----++----+----+----+ | | | ||100| 0| 0| 51| 11| 0| | | | || 51| 11| 0| | | | | | | |+---+----+----+ | | | | | | Balance this month. ||£48| 9| 0| | | | +------+-------+-------------------------------++---+----+----+-----+----+----+ The journal, spoken of, should be kept as a book of reference for every transaction that occurs, and which is to be entered daily, precisely as it occurs; and if it be afterwards found necessary, is to be entered in the ledger as a distinct and separate account—from all others. This journal will, of course, include every cash transaction, and save the trouble of keeping a separate cash-book. The cash account may be posted regularly in the ledger, under a general head, bearing that title. In the ledger will, of course, be opened an account with every tenant, and as a consequence with _Dr._ and _Cr._; also an account _Dr._ and _Cr._ of every article, the increase, decrease, and actual state of which, it is necessary to ascertain with precision.