Business Hints for Men and Women. A. R. Calhoun
wage, the length of time and dates should be given.
Richmond, Va.
November 3, 1910.
Charles M. Pratt,
To John Smith, Dr.
To 4 days, from Oct. 1st to 4th
inclusive, at $2.00……….$8.00
To 2 1/2 days, Oct. 10th, 11th
and 12th……………….. 5.00
To 3 days, Oct. 17th, 18th and
19th ………………….. 6.00
———
Received payment, $19.00
Signature.
This bill is just as transferable as a mortgage. If for any reason Mr. Smith should decide to sell it, say to Robert Brown, he should make the following endorsement across the back:
"In consideration of ——— dollars, the receipt of which is hereby acknowledged, I do hereby sell and assign to Robert Brown, the written account, which is justly due from the within named Charles W. Pratt, and I hereby authorize the said Robert Brown to collect the same. "John Smith." "Newburg, N. Y. November 1, 1910."
Regarded simply from a business viewpoint and without considering ethics, "Honesty is the best policy."
Bills, where possible, should be promptly paid.
Prompt payment is a guarantee of credit and credit is the heart if not the soul of business.
Never, if it can be avoided, buy goods on the installment plan.
Be sure to get a receipt for all payments you make, and be equally sure to keep the receipt where you can find it.
Examine all bills and invoices; compare them with the goods received, and no matter what your faith in the seller's care and honesty, calculate for yourself the price of each item, and be sure that the total is correct.
DISCOUNT IN TRADE
It is a business custom, when a bill is paid before it is due, to allow a discount. This may be the legal rate of interest, or any percentage agreed on in advance.
Sometimes wholesale merchants or manufacturers grant esteemed customers, in consideration of prompt payments, a discount from the regular prices. This is known as "trade discount."
We often read of two or more discounts. A store keeper buys a bill of goods for $350 and is granted 20% and 5% from the selling price.
This does not mean a discount of 25% as the uninitiated might think. The 20% is deducted from the $350, that is, $70, leaving $280. Then the 5%, $14, is deducted from this, leaving $260.
Partial payments are not endorsed on the bill. The receipt is written on a separate piece of paper. It differs from the usual receipt in that the one is "in full payment" and the other "on account."
Receipt no bill before it is actually paid.
Some one has translated the letters "C. O. D." into "Come omejitly Down." The Collect on Delivery usually accompanies goods sent by express.
FORMS OF RECEIPTS
A receipt for a partial payment:
Leavenworth, Kansas.
December 7, 1910.
$75.00
Received from Charles Long seventy-five
dollars on account.
Henry S. Somers.
A receipt in full:
San Diego, Cal.
July 27, 1910.
$260.75
Received from N. O. Taylor, two hundred
and sixty 75-100 dollars, in full payment
to date. Samuel G. Novris.
Another form:
Portland, Me.
October 20, 1910.
$40.00
Received from Thomas Moore, ten cords
of hardwood, at $4.00 a cord, the sum to
be applied to his account.
Daniel Forman.
In payment of rent:
$17.00
Received from William Forbes seventeen
dollars in full payment of rent of premises
No. 24 West Street, for the month ending
October 31, 1910.
Philip F. Ross.
Where one person pays for another:
Wilmington, Del.
August 17, 1910.
$80.00
Received from Alfred Thompson eighty
dollars to apply to the account of Hiram O.
Wells.
Baker Jones & Co.,
per, S. N. Thorp.
Receipts and other documents signed with a mark X should be witnessed.
Payment on a note:
Bridgeport, Conn.
July 1, 1910.
$150.00
Received from Casper N. Work one
hundred and fifty dollars to apply on the
payment of his note to me for six hundred
dollars, dated March 8, 1910.
Ruben Hoyt.
The maker of the note should, in addition to getting his receipt, have the amount of his payment endorsed on the back of the note by the holder.
Where a receipt is given to the administrator of an estate his position should be named as "Robert Fields, administrator of the estate of John Jones, deceased."
WHAT IS AN ORDER?
An order is a command or instruction by one person to another to do a stated thing.
An order may be given for the delivery of goods or the payment of cash.
This is the usual form:
Dayton, Ohio.
August 3, 1910.
Mr. G. W. McBride:
Please deliver to Edward Lott goods
from your store to the amount of ten dollars,
and charge to my account.
F. T. Leroy.
This would be an order for cash:
Holden, Ind.
June 18, 1910.
$30.00
Mr. P. T. Mayhew. Please pay to Thomas
Jackson thirty dollars and charge same
to my account.
F. R. Wilson.
A DUE BILL
The customary form of a due bill is:
Durham, N. C.
May 1, 1910.
$10.00
Due George Smith ten dollars, payable
in merchandise from my store.
S. T. Long.
Конец