accounts. They are simply used to indicate the logical development 
of the classification. For example, 1100—Current Assets, is not in 
itself an account, nor is 1110—Cash Accounts. In those cases, as 
stated, they are inserted to show the logical arrangement; all of the 
accounts appearing under the group 1100 being in the nature of current 
assets; and all under the heading of 1110 being in the nature of cash 
accounts. 
Definitions of the debit and credit entries under each account 
are provided. These definitions cover the usual entries to the account. 
No attempt is made to provide for casual entries which may be made 
correctly under certain conditions. It is to be noted that in all cases 
the debit entry is first described followed by the description of the 
credit entry. This is done whether or not normally the account has 
a debit or credit balance. It is to be noted further that the definition 
includes a statement as to the usual source of the entry and the time 
at which it is to be made. For example, under 1111—Cash in Banks, 
the first definition is “To be charged monthly direct from the cash 
receipts book with all cash received.” 
A Classification of Expense Accounts is also provided, Appendix 
B. These accounts are subsidiary to the expense control accounts 
in the General Ledger. Definitions of the individual accounts, how- 
ever, are not supplied, as their names in most cases are sufficiently 
indicative of the character of items which should be charged to them. 
In a few cases of special character the accounting treatment is discussed 
in the text of the pamphlet. 
Having now provided a general description of the Classification 
of Accounts, attention will be paid to the several accounting forms. 
Other illustrations with respect to the accounts follow, and the readeg, 
will find it desirable frequently to refer to the Classification itself. 
Casa Receipts RECORD. 
It has been stated in a preceding section that modern practice 
favors the separation of the cash receipts bookkeeping from the cash 
disbursements. In the case of very small chambers of commerce it 
may be found desirable to carry the two forms in the same binder, 
the Cash Receipts Record in the front, and the cash disbursements or 
Check Register facing in the opposite direction towards the back of 
the book. In larger chambers of commerce it will be a distinct advan- 
tage to carry the two forms in separate binders. 
The Cash Receipts Record form has been shown in Figure 4. 
Sample entries indicate the method of its use. - No postings of cash re- 
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