This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ... (6) Columns for Discount on Purchases and Discount on Notes on the same side of the Cash Book; (c) Columns for Discount on Sales and Cash Sales on the debit side of the Cash Book; (d) Departmental columns in the Sales Book and in the Purchase Book. Controlling Accounts.--The addition of special columns in books of original entry makes possible the keeping of Controlling Accounts. The most common examples of such accounts are Accounts Receivable account and Accounts Payable account. These summary accounts, respectively, displace individual customers' and creditors' accounts in the Ledger. The customers' accounts are then segregated in another book called the Sales Ledger or Customers' Ledger, while the creditors' accounts are kept in the Purchase or Creditors' Ledger. The original Ledger, now much reduced in size, is called the General Ledger. The Trial Balance now refers to the accounts in the General Ledger. It is evident that the task of taking a Trial Balance is greatly simplified because so many fewer accounts are involved. A Schedule of Accounts Receivable is then prepared, consisting of the balances found in the Sales Ledger, and its total must agree with the balance of the Accounts Receivable account shown in the Trial Balance. A similar Schedule of Accounts Payable, made up of all the balances in the Purchase Ledger, is prepared, and it must agree with the balance of the Accounts Payable account of the General Ledger." The Balance Sheet.--In the more elementary part of the text, the student learned how to prepare a Statement of Assets and Liabilities for the purpose of disclosing the net capital of an enterprise. In the present chapter he was shown how to prepare a similar statement, the Balance Sheet. For all practical...

China's Belt and Road Initiative (BRI) has attracted growing attention from around the world since it was first announced. It is, along with the Asian Infrastructure Investment Bank (AIIB), a critical instrument for realizing what the Chinese government calls the Community of Common Destiny (CCD).The core idea presented in this volume is that the CCD represents a new paradigm for promoting regional collaboration in socio-economic development, and plays a crucial role in reshaping the international geopolitical landscape. Contributors show that the belief in common development and common security transcends differences in cultural tradition and pre-existing level of development. This belief underlies the commitments among countries and regions participating in the BRI to working closely together in pursuit of shared and sustained prosperity.The chapters are based on papers presented at 'Building the Community of Common Destiny between China and Its Neighbors: Challenges and the Future', an international forum co-organized by the National Institute for Global Strategy of the Chinese Academy of Social Sciences and the University of International Relations (China). Thirty experts from more than twenty countries have contributed to this volume.

Peaceful War is an epic analysis of the unfolding drama between the clashing forces of the Chinese dream and American destiny. Just as the American experiment evolved, Deng Xiaoping’s China has been using “Hamiltonian means to Jeffersonian ends” and borrowed the idea of the American Dream as a model for China’s rise. The Chinese dream, as reinvented by President Xi Jinping, continues Deng’s experiment into the twenty-first century. With a possible “fiscal cliff” in America and a “social cliff” in China, the author revisits the history of Sino-American relations to explore the prospects for a return to the long-forgotten Beijing-Washington love affair launched in the trade-for-peace era. President Barack Obama’s Asia pivot strategy and the new Silk Road plan of President Xi could eventually create a pacific New World Order of peace and prosperity for all. The question is: will China ultimately evolve into a democratic nation by rewriting the American Dream in Chinese characters, and how might this transpire?

For more than a century, no US adversary or coalition of adversaries - not Nazi Germany, Imperial Japan, or the Soviet Union - has ever reached sixty percent of US GDP. China is the sole exception, and it is fast emerging into a global superpower that could rival, if not eclipse, the United States. What does China want, does it have a grand strategy to achieve it, and what should the United States do about it? In The Long Game, Rush Doshi draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, memoirs by party leaders, and a careful analysis of China's conduct to provide a history of China's grand strategy since the end of the Cold War. Taking readers behind the Party's closed doors, he uncovers Beijing's long, methodical game to displace America from its hegemonic position in both the East Asia regional and global orders through three sequential "strategies of displacement." Beginning in the 1980s, China focused for two decades on "hiding capabilities and biding time." After the 2008 Global Financial Crisis, it became more assertive regionally, following a policy of "actively accomplishing something." Finally, in the aftermath populist elections of 2016, China shifted to an even more aggressive strategy for undermining US hegemony, adopting the phrase "great changes unseen in century." After charting how China's long game has evolved, Doshi offers a comprehensive yet asymmetric plan for an effective US response. Ironically, his proposed approach takes a page from Beijing's own strategic playbook to undermine China's ambitions and strengthen American order without competing dollar-for-dollar, ship-for-ship, or loan-for-loan.

Americans look to China with fascination and fear, unsure whether the rising Asian power is friend or foe but certain it will play a crucial role in America’s future. This is nothing new, Gordon Chang says. For centuries, Americans have been convinced of China’s importance to their own national destiny. Fateful Ties draws on literature, art, biography, popular culture, and politics to trace America’s long and varied preoccupation with China. China has held a special place in the American imagination from colonial times, when Jamestown settlers pursued a passage to the Pacific and Asia. In the eighteenth and nineteenth centuries, Americans plied a profitable trade in Chinese wares, sought Chinese laborers to build the West, and prized China’s art and decor. China was revered for its ancient culture but also drew Christian missionaries intent on saving souls in a heathen land. Its vast markets beckoned expansionists, even as its migrants were seen as a “yellow peril” that prompted the earliest immigration restrictions. A staunch ally during World War II, China was a dangerous adversary in the Cold War that followed. In the post-Mao era, Americans again embraced China as a land of inexhaustible opportunity, playing a central role in its economic rise. Through portraits of entrepreneurs, missionaries, academics, artists, diplomats, and activists, Chang demonstrates how ideas about China have long been embedded in America’s conception of itself and its own fate. Fateful Ties provides valuable perspective on this complex international and intercultural relationship as America navigates an uncertain new era.