Some companies engaged in selling lands "on time" make a practice of taking payment in serial notes. When this is done, it is better to enter such notes in a record separate from the regular bills receivable book. Probably the most convenient form for this record is a modification of the mortgages payable ledger (Form 9, Section 19), space being allowed in the heading for details as to the due date and disposition of each note in the series. In preparing such a form, it should be remembered that such notes are frequently hypothecated or lodged with a bank or trust company, or placed in the hands of an agent for collection. Ample space should be provided to record such facts, so that the location of each and every note may be shown.

Form 39. Mortgage Interest Payable Register (Small figures indicate day of month on which papers become due.).

Form 40. Mortgage Interest Receivable Report - English Form.

Form 41. Analysis of Expense Account.