ABSTRACT
The street railway accountants, in thus restricting the circulation of their report, are setting an example that may be imitated to advantage in various directions. The limitations of a periodical like Accountics render it impossible to reproduce by way of illustration the thickened edges. By separating the Merchandise Account into the several parts mentioned each may be conducted as the Cash Account is conducted, always indicating by the balance in the accounts the materials and goods that should be on hand. The conventional balance sheet never contains all the individual accounts of a business, but instead is made up of amounts, each of which represents, so far as personal accounts are concerned, a group. In houses doing’s credit business some system is necessary for the credit manager to use to keep track of the various sums due, and also to keep track of what the collectors are realizing on the accounts.
