The Packard Method Of Teaching Bookkeeping By Single And Double Entry

Author : Silas Sadler Packard
Publisher : Forgotten Books
ISBN 13 : 9780331666229
Total Pages : 142 pages
Book Rating : 4.6/5 (662 download)

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Download or read book The Packard Method of Teaching Book-Keeping (Classic Reprint) written by Silas Sadler Packard and published by Forgotten Books. This book was released on 2017-11-22 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Packard Method of Teaching Book-Keeping The purpose of this book is, as its title imports, to teach book-keeping; and everything it contains, from first to last, has that object in view. Its author has had some practice, both in teaching and in book making, and has tried to put within these limits the best results of his experiences in both directions, trusting that they may be of service to those who do him the honor to test them. A few things have been settled in his mind; the first, and most important of which is that before knowledge can be utilized it must be acquired. There are various ways of acquiring knowledge; and the words of a text book do not cover them all. One great purpose of a text book should be to direct the mind and prescribe the work. It should be, above all things, suggestive; and while it should, by its suggestions and examples, save the student from useless labor, it should, in no sense, do his work for him. It should furnish hints for the private learner, that he may not go astray, and material for the teacher, that he may intelligently and effectively direct his pupil. No part of it should be servilely copied, and no part of it left so blind as to be guessed at. Book-keeping is a mathematical study. Its principles must be clearly understood before they can be applied. They are simple and conclusive; readily grasped, and easily held. The science of book-keeping, like the science of algebra, is based upon equation. Its perfect condition is a perpetual equilibrium; and therein lies its charm. Book-keeping records transactions; and transactions have, inevitably, two sides, which exactly measure each other. The main object of recording transactions is to show the changed conditions which they produce. These can be shown only through the form of accounts and thus it is that book-keeping has been properly called the science of accounts. To understand the science of accounts, it is first necessary to understand the accounts themselves; hence, any adequate method of teaching book keeping must first deal with individual accounts. This plan was first presented by the author in 1867 in his Complete Course of Business Training, a little manual of book-keeping which was extensively used in commercial schools of various grades. It was subsequently adopted, and carried to ultimate results, in the revised edition of the Bryant and Stratton Counting House Book-keeping, as also in the New Manual of Book keeping and Correspondence, which has been in general use during the past ten years. Other authors have recognized its preeminence, and in a more or less direct way, adopted it as the logical method. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.