p. 302. | Credit Business by John Norton Loughborough

Pacific Seventh-day Adventist Publishing Association · Oakland, Cal. · Jul 29, 1875

Credit Business.

By John Norton Loughborough

THE following questions are asked which we will answer: “Why not let the business agents do credit business direct with the SIGNS Office instead of through the district and State Secretaries?”

ANS. : 1. Because the source from which the director is to ascertain the financial standing of his district just before a quarterly meeting, is the secretary's cash book. If all credit business is done through the secretary, the standing of accounts can be ascertained; but if it is otherwise the account will be in confusion.

2. In case a business agent has sent his credit business to the SIGNS Office instead of to the district secretary, when he pays the cash on periodicals to the director, and reports the same to the district secretary, the cash account on periodicals against that district will not balance, as there will be more money paid than the accounts on the secretary's book will call for. In such case, before they could ever right it up, they would have to get a statement of accounts with individual names from the publication office.

“Why must the business agent report to the district secretary each item of business for which he pays money to the director?”

ANS.: So that the cash book of the secretary will show to the director that the items of business before charged have been paid, and in case there are items not paid, it will appear just where the balance is due.

J. N. L.