Book-keeping rationalized; adapted to all kinds of business, personal and partnership commission and corporate. Together with entirely new and rapid ... etc. A copius apendix, and a fac-simile of th - Softcover
Synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1865 Excerpt: ...20.74 int. 3 mos. 3 days. 1:358.74 370.00 2d payment.. $3000. Boston, 15th July, 1858. For value received, we, jointly and severally, promise to pay to Samuel Ames, on demand, three thousand dollars with interest from date. James H. Blackie. George Hemnold. Indorsements. Sept. 3d, 1858, $200. Dec. 10th, 1858, $175. June lath, 1859, $50. Oct. 1st, 1859, $500. Jan. 11th, 1800, $30. April 20, 1800, $1000. Aug. Sth, 1860, $900. Settled January 1st, 1861. What amount was then due? Ans. $455.60. A note dated 3d October, 1859, for $1000, with interest, has the following indorsements. Dec. 14th, 1859, $90. Jan. 10th, 1860, $105.50. March 7th, 1860, $193. Sept. 3d, 1860, $15. Jan. 10,1861, $375. Settled January 31st, 1861. What was due on the note at that date? Ans. $278.18. CREDIT TABLE. A thirty days' note will fall due five week days later than the one on which it is given. A sixty days' note will fall due on the same day of the week as that on which it is given. A ninety days' note will fall due two week days later than the one on which it is given. For example, a thirty days' note given on Wednesday will fall due on Monday. A sixty days' note given on Wednesday will fall due on Wednesday. A ninety days' note given on Wednesday will fall due on Friday. ANNUAL INTEREST. Interest is due at the end of each year on notes that are given " with interest payable annually," and it may be collected at the end of each year; but if it is not collected at that time, the interest due draws only simple interest, and the original principal must not be increased by any addition of yearly interest. The amount due on any note drawing annual interest, if nothing has been paid on it until maturity, consists of the principal, the total annual interest, and simple interest ...
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