"ALTHOUGH the business of keeping books is extremely easy when once the accounts are properly arranged, yet the adaptation of the principle of Double-entry to extensive and complicated transactions, so as to receive the full benefit of the system, is a process which requires the most complete knowledge, not only of the practice, but also of the science of book-keeping."

"Book-keeping, like all other arts, can only be mastered by industry, perseverance, and attention. The learner must think for himself, and endeavour to understand the why and wherefore of all that he does, instead of resting satisfied with vague notions and words devoid of sense."

"The study of book-keeping affords an excellent means of intellectual discipline; that is, when its principles are exhibited as well as their application. When the reasoning powers are called into exercise as well as the memory, the student who has carefully attended to the instructions, and who is the master and not the slave of rules, will experience no difficulty in unravelling or adjusting any set of accounts, however complicated or diversified." l

We have commenced this section with these quotations-in order to quicken the attention of the reader to a subject which by those who do not understand it is considered complicated, and by those who do understand it is considered dull. It is, in fact, neither the one nor the other.

1 " Double-Entry Elucidated," by B. F. Foster.

But still it is a subject on which it is difficult to write in such a way as to avoid the possibility of being misunderstood. We propose in this section-

I. To notice those Preliminary Operations with which a young Book-keeper should become acquainted. II. To describe the system of Banking Book-keeping as published in the former editions of this work. III. To state those Improvements of which this system has been found to be susceptible. IV. To trace the Resemblance between Banking Bookkeeping and Mercantile Book-keeping.