The above are two pages of a separate book known as the BILL BOOK. In this, under Bills Receivable are entered in regular order, the notes and paper which the owner receives in the course of business.

Under Bills Payable are entered in regular order the record of the notes given to others or any paper issued. Each note is entered with its number, the dates when it was drawn, when due, with time it has to run and the amount of its face, together with name of parties signing which are known as the maker or makers of the notes. The folio at the left indicates where the account is found in the Ledger; each item in this book must appear in the Ledger. Bills Receivable appear on the Cr. side of Ledger and Bills Payable on Dr. side. The BILL BOOK, is an important one to the business man and he should be careful in making his entries. He should refer to it daily to see what paper he has to pay and arrange therefor; also to see what paper becomes due and see that it is presented for payment at proper time and place. He must remember that if a note is made payable in a bank it must be there before the appointed time so that, if not paid by the maker, the endorser may be notified and held by a protest. If such notice be not given by proper officer the endorser can not be held. On the other hand, if you overlook time of payment for your own note (Bills Payable) and it goes to protest it causes annoyance and, if repeated, injuries your credit.

JOURNAL - DOUBLE ENTRY.

This page should be studied and copied as it is a modal for penmanship, arrangement and ruling. All horizontal lines are in black. Central vertical line is a faint blue one. 82

LEDGER-DOUBLE ENTRY.

This page should be studied and copied as it is a model for penmanship, arrangement and ruling. All horizontally and diagonally ruled lines are in red

Dr Cash

CASH BOOK-DOUBLE ENTRY. All moneys received are entered on this page and posted to the Cr. column of Ledger and folio entered in column at left.

-Cash- Cr.

CASH BOOK__DOUBLE ENTRY. AH moneys paid out are entered on this page and posted to the Dr. side of Ledger and olio entered in column at left. These pages should be written up on properly ruled paper like the script cash pages.

January 1, 190-.

January 5, 190-