• [...]
  • For a Debt.
    • Received. Dr. Cash. Cr. The Person of whom ( or for whose account) received.
    • Paid. Dr. The Person to whom ( or for whose account) paid. Cr. Cash.
  • At Interest.
    • Taken up. Dr.
      • Cash, for the Principal received.
      • Profit and Loss, (or Interest Account) for the Interest thereof.
      Cr. The Person of whom Borrowed, for both the Principal and Interest.
    • Lent. Dr. The Person to whom you Lend it, for Principal and Interest.
      • Cr. Cash for the Sum Lent.
      • Cr. Profit and Loss (or Interest Account) for the Interest thereof.
  • Upon Insurance.

    • Received. Dr. Cash. Cr. Insurance-Account. Expresing what Summe you Insure, on what account; and to whom you Insure it.

      ☞.. And if a Loss happen. Dr. Insurance Account. Cr. The Person to whom you Insured.

    • Paid. Dr. Insurance-Account. Specifying (as before) what Summe is Insured to you, on what account, and by whom. Cr. Cash.

      ☞.. And if a Loss happen. Dr. The Insurer. Cr. Insurance-Account.

  • For Charges on Goods
    • In your own Possession. Dr. Those Goods, (or Charges of Merchandise.)
    • Outwards sent to your Factor or Correspondant, ( as a [...]so for what you pay for Insurance thereof.)
      • Ʋpon your own account. Dr. The Voyage.
      • Ʋpon his account. Dr. His Account Currant
    • Received from your Factor or Correspondant, ( as a [...]so for what you pay for Insurance thereof.)
      • For your own account. Dr. Those Goods.
      • For his account. Dr. The Goods for account of such Correspondant.
    Cr. Ca [...]
  • [...]
    • [...]
      • Out of an Estate to which you are Executor. Dr. The Estate. Cr. Profit and Loss.
      • [...]; ( which was bequeathed to you) Dr. Cash. Cr. Profit and Loss.
    • [...] whom paid; ( if they have Credit for them in your Liedger,) otherwise, Dr. The Estate of the Deceased Cr. Cash.
  • [...]
    • [...] the whole
    • Dr.
      • Cash, for what you receive
      • Profit and Loss, for what you lose by compounding
      Cr. The Person wh [...] Compounds his Debt.
    • Dr. The Person with whom you Compound.
      • Cr. Cash, for what you pay him.
      • Cr. Profit and Loss, for so much as be [...]ates.
  • [...] and Loss.
  • [...]
  • [...] account
    • If You Draw, or He Remits. Dr. Cash. Cr. Such Factor (my) Account C [...]rant.
    • If You Remit, or He Draws Dr. Such Factor (my) Account Currant Cr. Cash.
    Keeping Account of the [...] Money.
  • [...]
    • If You Draw, or He Remits. Dr. Cash. Cr. (His) Account Currant
    • If You Remit, or He Draws. Dr. (His) Account Currant Cr. Cash.
    Keeping [...] in [...]
  • [...]
    • [...] that receives
    • [...] that delivers
    the Money. Charging and discharging their Account [...] in which the Bills are paid and rece [...]
  • [...] Cr. Cash.
  • [...] you out of the Rent you pay.) Dr. Your Landlord. [...]
  • [...] Dr. Profit and Loss. Cr. Your Tenant.
  • [...] Dr. The Mortgager. Cr. The Tenant.
  • [...] in Trust. Dr. The Estate of the Deceased. Cr. The [...]
  • [...]
    • [...] Pocket Expence, &c. Dr. House-Expences.
    • [...] of Letters, with all other general [...] of [...]ods in particular. Dr. Charges of Merchandise.
    Cr. [...]
• [...]
  • [...] Cr. The Seller, for the whole: Then Dr. The Seller. Cr. Cash; for [...]
  • [...]
  • [...] for the whole. Cr. The Goods: Then Dr. Cash, for what he payes [...]
  • [...] suppose you deliver
    • One sort of Goods and receive divers.
    • Divers sorts of Goods and receive one sort.
    • One sort of Goods for one other sort.
    Dr. The Goods rece [...] Cr. The Goods delivered.
  • [...]
    • [...] others (though the value be equal): Or,
    • receive. In both these Cases;
    • Dr. The Goods you receive, C [...]e person of whom. Then,
    • Dr. The person with whom you [...] Cr. The Goods you deliver.
  • [...]
    • [...] place consign'd to such Factor.
    • [...]
    • [...] Corespondant his Account Currant.
    Cr.
    • Cash, if bought now for ready Money.
    • The Goods sent, if they stand enter [...]d [...] Leidger;
    • The Seller, if now [...]
  • [...]
  • [...] for your Account in Charge of such Factor.
    • Cr. [...]
    • Cr. [...]
  • [...]
    • [...] by your order, and Bad Debts, which may happen
    • [...] of remitting Money, and Postage of Letters.
    Dr. The Voyage [...]
  • [...] for cost and Charges thereon by him paid. Cr. Such Factor (my) [...]
  • [...]
  • [...] of such Factor or Correspondant. Cr. Cash, for the Charges you pay [...]
• [...]
  • [...] Dr. Such Goods for your proper Account.
  • [...] Dr. The Goods received for your Factors account.
  • [...] bad Debts happening. Dr. Such Factor his Account Currant. [...]
• [...]
  • [...]
    • [...]
    • [...]
    Dr. The Goods in Company,
    • Cr. Cash.
    • Cr. The Seller.
  • [...] which were before entered in your Leidger. Dr. The Goods in [...]
  • [...] If his own share only. Dr. The Goods in Company, [...]. C [...]
  • [...] If for his own and your share. Dr. The Goods in [...]
  • [...]
    • [...] Dr. The same Goods for your proper Account..
    • [...] Dr. His Account Currant..
    • [...] Money. Dr. Cash.
    • [...] Dr. The Buyer.
    Cr. [...]
  • [...]
    • [...]
      • [...] for your Account proper, for your share.
      • [...] Partners Account in Company, for his share.
      Cr. The [...]
    • [...] in Company.
      • Dr. The person by whom the abatement [...]
      • Dr. The Goods in Company. Cr. The [...]
    • [...]
      • [...] self.
      • [...] Partner.
      Dr. The Goods in Company.
      • Cr. Cash.
      • Cr. His Account [...]
  • Your Partner keep­ing the Account and having the dis­posal thereof.
    • [...] share of Cost and Charges of Goods in Company. Dr. His Account Currant [...]
    • [...] his share of the produce of Goods in Company. Dr. His Account in Company [...]
    • [...] of Goods
      • If there be gain by them. Dr. The Goods in Company.
        • Cr. Your Part [...] Profit.
        • Cr. Profit and Loss for your [...]
      • If there be Loss by them
        • Dr. Profit and Loss, for your part of the Loss.
        • Your Partners Account in Company, for his part thereof.
        Cr. [...]
    • [...] brought into Company by your Partner, both for his own and your account. Dr. Partner, my Account in Company. [...] Currant, for your share thereof.
    • If you furnish your own share of the Goods in Company. Dr. Partner, my Account in Company.
      • Cr. The Goods proper. If before [...] Liedger.
      • Cr. Cash, If bought with ready [...]
      • Cr. The Seller, If bought upon [...]
    • If you furnish the whole, as well your Partners share as your own.
      • Dr. Partner, my Account in Company, for your own share.
      • Dr. Partner, my Account in Company, for your own share.
      Cr.
      • [...]
      • [...]
      • [...]
      as above.
  • † Note, That when your Partner has the disposal of Goods wherein you are concern'd in Company, you are to keep Account in your Books, only of your [...]are thereof. And when he acquaints you that they are all Sold, and gives you an account how much is due to you for your part of their Net produce. Then Enter. Such Par [...] [...]ount Currant, Dr. To ditto, my Account in Company. Which latter Account must be afterwards Ballanced by Profit and Loss, according as you either gain or lose thereb [...].

• First, That all Accounts which are not exactly Ballanced, are to be closed either by
  • Account of Ballance. Or,
  • Profit and Loss.
• Secondly, When Accounts are finished and determined, viz.
  • Of Goods, by the Sale of the whole,
    • If there be Gain thereby. Dr. Those Goods. Cr. Profit and Loss.
    • If there be Loss thereby Dr. Profit and Loss Cr. The Goods.
  • With Persons, by Receipts or Payments in full. If any abatements have been made
    • By you: Dr. Profit and [...]oss. [...] [...]heir Accounts.
    • To you: Dr. Their Accounts [...] Profit and Loss
• [...]
• [...] With Persons; If they are
  • Debitors. Dr. Ballance. Cr. Their Accounts.
  • Creditors. Dr. Their Accounts. Cr. Ballance.
• Lastly, When all your other Accounts are closed, except the Accounts of Profit and Loss, and Ballance — To close them also, and your Account of Stock . Dr. Account of Stock. Cr. Ballance. And Dr. Profit and Loss. Cr. Stock.

After which Entries, (if no mistake has been committed in your Books) these three Accounts will exactly Ballance each other. The Excess on the Debit side of Ballance, (for which Stock is made Dr.) shewing the just value of your Estate. And the Excess on the Credit side of Profit and Loss, (for which that Account is made Dr. To Stock) shewing how much you have gain'd since you last Ballanced your Books.

☞ Note, The Account of Stock in your New Leidger, will be the exact Transcript of the Account of Ballance in your Old; the order only inverted; Viz. The Accounts on the Debitor side of Ballance (being Debitors to you) must therefore be Copyed on the Credit side of your New Account of Stock. And the Accounts on the Credit side of Ballance (to whom you are in­debted) must (for the same reason) be entered on the Debitor side thereof.