Book-Keeping, by Single Entry, shows clearly the state of accounts with
individuals dealing on credit, but does not exhibit the true state of his af-
fairs to the book keeper himself. If, therefore, he wishes to know his profits
or losses by his business, he must take an inventory of his stock on hand,
balances on book and ready money, and this inventory compared with that.
taken at the commencement of business, will show the gain or loss by trade.

Inventory taken from the foregoing example; April 3, 1825.

A

No. I.

3. OF NOTES.

Dorset, Sept. 18, 1828.-For value received, I promise to pay to Oliver Bountiful, or order, sixty-three dollars, fifty-four cents, on demand, with interest after three months. Attest, Timothy Testimony.

No. II.

JOEL TRUSTY.

Geneva, Sept. 18, 1828.-For value received, I promise to pay to O. B., or bearer,

after date.

No. III.

dollars

By two persons.

cents, six months REUBEN PENCIL.

Billfort, Sept. 18, 1828.-For value received, we, jointly and severally, promise to pay to C. D., or order, cents, on demand, with interest.

Attest, Obed Hale.

No. IV.

dollars

ALDEN FAIThful.
JAMES FAIRFACE.

Note to a Bank.

Ninety days after date, we, jointly and severally, promise to pay the President, Directors and Company of the United States Bank, at their office of discount and deposit in Burlington, six hundred dollars, for value received. PETER CARELESS. Burlington, August 8, 1831. OLIVER SCOVEL.

4. OF BONDS.

A Bona with a Condition from one to another.

in the

KNOW all men by these presents, that I, C. D. of &c. in the county of &c. am held and firmly bound to E. F. of &c. in two hundred dollars, to be paid to the said E. F. or his certain attorney, his executors, administrators, or assigns, to which payment, well and truly to be made, I bind myself, my heirs, my executors and administrators, firmly by these presents. Sealed with my seal. Dated the eleventh day of year of our Lord one thousand eight hundred and twenty-two. The condition of this obligation is such, that if the above bound C. D., his heirs, executors or administrators, do and shall well and truly pay, or cause to be paid unto the above named E. F., his executors, administrators or assigns, the full sum of two hundred dollars, with legal interest for the same, on or before the eleventh day of next ensuing the date hereof: then this obligation to be void, or otherwise to remain in full force and virtue.

Signed, &c.

A Condition of a Counter Bond, or Bond of Indemnity, where one man becomes bound for another.

THE condition of this obligation is such, that whereas the above named A. B., at the special instance and request, and for