How the Ledger Should be Balanced and How the Accounts of the Old Ledg

Chapter

ABSTRACT

Having noted well the foregoing, attention can now be given to carrying forward the accounts from one Ledger to another when you want to have a new Ledger. This happens when the old Ledger is filled up or because of the beginning of a new year. In the best known places, such as Milan, the big merchants customarily close their Ledger every year.

How the Ledger Should be Balanced and How the Accounts of the Old Ledger Should be Transferred to the New Ledger: the Manner of Verifying It With Its Journal, Memorandum, and Other Documents.

ABSTRACT