CHARGE AND DISCHARGE.
The publication "An Epitome of Bookkeeping by Double Entry," by Thomas Turner, Professor and Teacher of Bookkeeping, at Portland, delineated on a scale suited to the faculties and comprehension for Senior School Boys and Youth designed for the Mercantile line. It is one of the earliest American specimens of textbook production in the field of commercial subjects. It has its place in the literature of education. Book-keeping by Double Entry is a system of charge and discharge. A Charge is a single entry, exhibiting the debtor side only, and does not form a complete account without the discharge amount of charge. The discharge, must be always equal to the amount of charge, consequently the total amount of the additions on the debtor side of all the accounts open in the ledger when posted up, must be equal to the total amount of the additions on the credit side, or otherwise there must exist an error either in the wrong addition of the sundries in the journal, or a wrong posting there from in the ledger.
- DOI
- 10.2308/tar-8593987
- Volume
- 6 (1)
- Pages
- 51-56
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref