Arthur & Fraser operated a double entry bookkeeping system. Of the books that made up this system, only one private ledger, 1856-1871 (ref: FRAS 723) survives. In 1866, Fraser & McLaren inherited Arthur & Fraser's accounting system. It continued using the private ledger and also opened a new private ledger (ref: FRAS 278/1). The two ledgers were maintained at the same time and there is some overlap between them. Both ledgers are indexed. The first has an index within the ledger itself, and the second has an index in a separate volume (ref: FRAS 287/1). The second ledger was inherited and continued by Fraser Sons & Co in 1875. In 1909, the ledger (ref: FRAS 278) was inherited and continued by Fraser Sons & Co Ltd. The only other accounting records that survive from this period are a receipt and statement from tradesmen, (ref: FRAS 288, FRAS 289), some customer invoices, (ref: FRAS 292) and some receipts for repayments of loans to the company, (FRAS 280). House of Fraser Ltd. The company kept invoices and receipts. Only a few survive. Transactions were recorded in journals. How often - Each day, each month? Only one survives. From the journal, entries were posted to the private ledgers. Continued with the same private ledgers used by Fraser Sons & Co. Maintained indexes to private ledgers. Appears to be more detail in journal than corresponding private ledgers. General ledger. In 1973, financial control was greatly improved by the installation of a large computer at Harrods to handle customers' and suppliers' accounts for the whole group.
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