13. What differences exist between a transaction for the purchase or sale of stock, and the purchase or sale of grain?
15. What is necessary to post to the customer's ledger account, and from what sources do you post?
16. Show form of _margin book_ and explain how it is kept.
17. In what cases should interest be charged? What is it charged for?
18. What should be entered in the general cash book?
19. Explain fully the handling of _office cash_.
20. If _A_ bought 5,000 bushels of wheat at $1.20, and sold 12,000 bushels at $1.21, how much cash would he be obliged to deposit to secure the fulfillment of his orders?
21. What is the cash which he deposits called?
22. Write an order form for the sale of 25,000 bushels of corn @ 76¼c made upon the orders of Mr. D.
23. Show what acknowledgment must be made to Mr. D.
24. What is the _daily record sheet_? For what purpose is it used? Explain the entries in this book.
25. Explain how stock purchases should be handled, what records should be kept, and what information in regard to them is necessary.
26. What is the difference between a _bull_ and a _bear_?
27. Explain the meaning of a buying order and state how it should be treated in the accounting department.
28. On July 5th James Robinson sold 25,000 bushels of September wheat at 1.04½; on July 10th he purchased 10,000 bushels wheat at 1.02¼, and on July 11th he purchased 15,000 bushels of wheat at 1.02. Make a statement of this account for Mr. Robinson.
29. What is the difference between _listed_ and _unlisted_ stock?
30. What is a _debit_ or _credit slip_ and for what purpose is it used?
31. Show the ruling of the stock ledger and explain the necessity of each column. Rule a sample page.
32. For what purpose is the journal used in connection with the brokerage business?
33. Explain the meaning of _buyer's option_.
34. Explain the meaning of _carrying charges_.
35. Explain the meaning of _a put_ and _a call_.
REVIEW QUESTIONS ON THE SUBJECT OF BILLING AND ORDER RECORDING
1. Explain the difference in principle between the _cylinder_ billing machine and the _flat-bed_ billing machine.
3. Explain in your own language why the plan of copying invoices in tissue books with a letter press is inferior to the billing-machine method of typewriting the invoice and sales sheet simultaneously.