The system .recommended provides for the use of a number of 
books, preferably loose-leaf records in separate binders. In this con- 
nection there have been advocates of simple systems, where all the 
records are kept in one book, but experience has demonstrated that 
there is considerable difficulty in posting from one sheet to another 
in quite a different part of a book without making serious errors. 
Furthermore, with a little experience it will be found more convenient 
to have the various records in their own binders. In fact, in large 
chambers of commerce two or more employees may be assigned specific 
jobs in connection with the accounting and each have his own records. 
It will be noticed, for example, that in this system it is proposed 
that the cash book shall be in loose-leaf form and that the Cash Receipts 
Record shall be independent from the cash disbursement record, known 
as the Check Register, and in most cases the two may well be kept in 
separate binders. Likewise, the Voucher Register will be a book by 
itself. So will the General Ledger and so will the Journal. These 
compri ie the principal books that will be required. 
CLASSIFICATION OF ACCOUNTS. 
The next important point to which attention is directed is a well 
defined Classification of Accounts. A model classification is a part 
of the system recommended and appears as Appendix A. It will be 
observed that a comprehensive numbering system has been devised and 
on first inspection it may appear that this numbering system is elaborate 
nd unnecessary. There is this to be said for it: In construction it fol- 
lows in principle the so-called decimal classification, which, as is well 
known, is the one employed in all libraries. The reason for this is to in- 
cure the logical arrangement of accounts. Previously, it was the practice 
in many cases to arrange accounts in the General Ledger and in the 
Trial Balance, alphabetically by the first letter of the first word in the 
account. There is nothing to commend “this arrangement, except 
facility in quickly locating an account—as say, Salaries. The logical 
classification under a numerical system, however, is quickly memorized 
by those who are employing it, and it has the further advantage of 
arranging the accounts in the order in which they are needed in the 
preparation of financial statements. 
An added advantage should be noted. Provision is made under 
this numbering scheme whereby any account may be still further 
divided also in a logical manner. Again, new accounts may be incor- 
porated without disruption of the numbering scheme. 
Tt was suggested in the introduction of this. pamphlet that when 
chambers of commerce throughout the country ultimately come to 
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