Underwriters' Accounts |
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Página 9
There appears to be no absolute rule , and if it were not that losses or claims bring both sides into settlement with one another at various intervals , and so exercise a regulating influence of some general kind , a clean settlement ...
There appears to be no absolute rule , and if it were not that losses or claims bring both sides into settlement with one another at various intervals , and so exercise a regulating influence of some general kind , a clean settlement ...
Página 31
Of course this could always be adjusted on the debit side in the usual manner , and the Discount columns on the credit side eliminated . But it is found more convenient in practice to keep the connected items of Cash and Discount ...
Of course this could always be adjusted on the debit side in the usual manner , and the Discount columns on the credit side eliminated . But it is found more convenient in practice to keep the connected items of Cash and Discount ...
Página 32
credit side becomes evident . The following instance , which exhibits the broker's account in the Ledger , will explain the meaning : - Dr. A. B. & Co. Cr . 1902 Jan. S d To Premiums ΙΟΟ O 1902 Jan. £ s d By Claims 100 O O C.B. C.B. Feb ...
credit side becomes evident . The following instance , which exhibits the broker's account in the Ledger , will explain the meaning : - Dr. A. B. & Co. Cr . 1902 Jan. S d To Premiums ΙΟΟ O 1902 Jan. £ s d By Claims 100 O O C.B. C.B. Feb ...
Página 34
The entries on the debit side are posted from the Premium , Salvage , and Cash Books ; those on the credit from the Claim , Reinsurance , and Cash Books . It is quite as essential to show in each account the monthly totals of the ...
The entries on the debit side are posted from the Premium , Salvage , and Cash Books ; those on the credit from the Claim , Reinsurance , and Cash Books . It is quite as essential to show in each account the monthly totals of the ...
Página 35
The ruling of this Ledger is similar to that of the Brokers ' Ledger , two columns - a Detail and a Total - being provided for each name on either side . Accordingly it will be unnecessary to open more than one Capital or Drawing ...
The ruling of this Ledger is similar to that of the Brokers ' Ledger , two columns - a Detail and a Total - being provided for each name on either side . Accordingly it will be unnecessary to open more than one Capital or Drawing ...
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34 Moorgate Street according Accounts additional agent allowed amount assured audit Auditor August average balance Book Bookkeeping broker Cash Cash Book cent chapter Charges Chartered Accountants claims columns Companies complete consequently considerable containing course Date Date Particulars dealing debit December Details Total Details Dicksee difference discount Duties Edition essential Examinations Folio frequently Index Investment January June keep latter Ledger less Lloyd's London loss March month monthly totals nature necessary paid Particulars payable period position practice premium Price principal Private Ledger profits Publishers Rate Re-insurances received record relating remains Reserve respect result risk ruled Salvage separate Sheet Ship shown side signing slip Students taken termed thereof Total Details Total transactions underwriter Underwriting Accounts usually Volume Voyage write
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Página 8 - And so we the assurers are contented, and do hereby promise and bind ourselves each one for his own part, our heirs, executors, and goods to the assured, their executors, administrators, and assigns for the true performance of the premises, confessing ourselves paid the consideration due unto us for this assurance by the assured...
Página 6 - All loss which arises in consequence of extraordinary sacrifices made or expenses incurred for the preservation of the ship and cargo come within general average, and must be borne proportionably by all who are interested.