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" Multiply each item in the account by the number of days from its date to the date of settlement, or to any given date to which it is desired to n'nd the interest. "
The Science of Double-entry Book-keeping: Simplified by the Application of ... - Page 3
by Christopher Columbus Marsh - 1851 - 218 pages
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A Concise Treatise on Commercial Book-keeping: Elucidating the Principles ...

Benjamin Franklin Foster - Accounting - 1837 - 224 pages
...periods, but at the same length of credit. RULE.—Multiply the amount of each purchase (except the last) by the number of days from its date, to the date of the last purchase, and divide the sum of their products by the sum of the purchases; the answer will be...
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The United States Arithmetic: Designed for Academies and Schools

William Vogdes - Arithmetic - 1847 - 324 pages
...CASE 2. When the sums due have been obtained at different dates, but on similar terms of credit. RULE. Multiply each sum by the number of days from its date to that of the last sum. Divide the sum of the products by the whole debt. The quotient will be the number...
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Encyclopædia of Accounting, Volume 1

George Lisle - Accounting - 1903 - 560 pages
...arriving at the interest by means of products is as follows : — Multiply each item in the account by the number of days from its date to the date of settlement, or to any given date to which it is desired to n'nd the interest. Take the balance of the...
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Accounting in Theory and Practice: A Text-book for the Use of Accountants ...

George Lisle - Accounting - 1906 - 450 pages
...arriving at the interest by means of products is as follows :— Multiply each item in the account by the number of days from its date to the date of settlement, or to any given date to which it is desired to find the interest. Take the balance of the...
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Book-keeping and Accounting

Sir Mark Webster Jenkinson - Accounting - 1910 - 652 pages
...method of ascertaining the interest is by means of products, each item in the account being multiplied by the number of days from its date to the date of the account, and the balance of the products by twice the rate per cent., the resultant being divided by...
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