23

H.—4

3. In writing up a cash-book, on which sides are the cash in hand, receipts of money, payments of cash, placed ? And what is represented by the difference between the totals of the two sides ? 4. Journalize the following entries : — (a.) Being instructed by Miles and Co., of Timaru, I drew upon Henry Buchanan, of Auckland, for £1,000 on demand, and handed the draft to the Bank of New Zealand for collection. (b.) Afterwards I find the following entry in my bank pass-book :— Draft, H. Buchanan, £1,000. (Note. —On which side of the pass-book was the entry shown ?) (c.) Accepted Johnston, Thompson, and Co.'s draft at 60 d/st. in favour of Bank of New Zealand, for £1,500. (d.) Sold goods to Thomas Davies to the amount of £5,000, and received his acceptance at 3 mos, (c.) Invoice of goods shipped by Jones and Co., on board the " Dart," Saxby, master, for New York, by order and at risk of Messrs. Thomas Martin and Co., of New York :— £ s. d. £ s. d. 2 trunks, ea. containing 50 pieces sheeting, £150 300 0 0 Trunk and packing ... ... ... 300 ■ 303 0 0 1 bale containing 50 pieces sup. broadcloth ... 1,120 0 0 Canvas and packing ... ... ... 3100 1,123 10 0 1,426 10 0 Chabges. £ s. d. Cartage, wharfage, and shipping ... 1 10 0 Customs entries ... ... 3 5 0 B/L and agents'commission ... 2 15 0 7 10 0 2-J f commission on £1,434 ... ... 35 17 0 Insurance, @ 30/ fon £1,500 ... 22 10 0 ~ policy ... ... 4 2 6 Commission, @ §i° ... ... 7 10 0 34 2 6 77 9 6 Total ... ... . ... ... £1,503 19 6 (/.) Balance due to Wm. Eussell at date is £1,500. Sold him a parcel of tea for £1,000. Bought from him £800 worth of sugar. Gave my pro/note at one month for £800. Bought from him bales of cotton to value of £9,000. Paid him cash £1,500. Accepted his draft at two months for £1,000. Allowed him an abatement of £50 on the parcel of tea. Gave him my draft on Thomas Jenkins, at 90 d/st., for £2,050. 5. What is the balance of Wm. Eussell's account?

By Authority: George Didsbury, Government Printer, Wellington,—lBB4.