When property is finally disposed of and completely paid for in cash or its equivalent, it is well to enter on the face of the Real Estate account for the particular piece of property sold, an indorsement in substantially the following form:

"Deed delivered to............(name)............

on.........(date)........., together with abstract, insurance policies, etc." (specifying each paper so delivered).

The making of such entries saves much time later. It is all the more important because such papers are frequently delivered not to the purchaser himself, but to some agent or attorney, so that by the time they reach the purchaser they have passed through several hands; and it is essential that the concern be able to show from its records the delivery of all the necessary papers.