Folsom's Logical Bookkeeping: The Logic of Accounts; a New Exposition of the Theory and Practice of Double-entry Bookkeeping, Based in Value ...

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A. S. Barnes, 1873 - Accounting - 442 pages
 

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Page 4 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 4 - ... in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 338 - T200 dollars, payable to the order of himself on the return of this certificate properly indorsed.
Page xvi - Value as a generic term ; that value divides into two classes with varied species; that all the exchanges of values are reducible to nine equations; and that all the results of all these exchanges are limited to thirteen in number. As accounts have been universally taught hitherto, without setting out from a radical analysis or definition of values, the science has been kept in great obscurity, and been made as difficult to impart as to acquire.
Page xvi - ... the science has been kept in great obscurity, and been made as difficult to impart as to acquire. On the new theory, however, these obstacles are chiefly removed. In reading over the first part of it, in which the governing laws and principles are discussed, a person with ordinary intelligence will obtain a fair conception of the double entry process of accounts. But when he comes to study thoroughly these laws and principles as there enunciated, and works out the examples and memoranda which...
Page xvi - Moreover, regarding it from this point of view, we may see that this formula has much wider applications than at first appears. For its rationale involves not only that we should proceed from the single to the combined in the teaching of each branch of knowledge; but that we should do the like with knowledge as a whole.
Page 6 - A MORTGAGE is the conveyance of an estate, by way of pledge for the security of debt, and to become void on payment of it.
Page 337 - At sight of this First of Exchange (Second and Third unpaid), pay to the order of John...
Page iv - ... have been, they have always possessed a stock of those empirical generalizations which constitute science in its lowest phase ; and they have habitually...
Page 2 - In order to decide this point, it must be considered, that value is a relative term; that the value of a commodity is not a name for an inherent and substantive quality of the thing itself, but means the quantity of other things which can be obtained in exchange for it. The value of one thing, must always be understood relatively to some other thing or to things in general.

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