248 PROGRESSIVE POULTRY CULTURE 



keep fowls but does not like to keep accounts may em- 

 ploy one of his children or some other member of the 

 family to keep the books. This is an excellent way in 

 which to begin the business training of the young 

 people. 



A poultryman may, if he wishes to avoid keeping 

 full accounts, at least keep a cash account. In this 

 case he simply charges against cash all money received 

 and credits Cash with all money paid out on the opposite 

 side of the account. The first item on the debit side is 

 the amount of cash on hand. In closing the account at 

 any time, the total credits are subtracted from the sum 

 of the debits. This remainder should correspond with 

 the amount of cash on hand and is made the last item 

 on the credit side to balance the account. 



The cash account is excellent so far as it goes but 

 it does not express the financial condition of the 

 poultry business completely. 



SINGLE ENTRY ACCOUNTING. 



In single entry- book-keeping the accounts are writ- 

 ten down but once. All the entries are directly against 

 the Poultry Plant on the debit side or in favor of the 

 Poultry Plant on the credit side. 



The first step is to prepare a complete inventory of 

 all the property of the poultry plant at the time of 

 commencing the account. This list is made on the 

 pages of the account book so that it will be at hand 

 for reference at any time. The actual valuation of 

 each item of property is stated and the total amount 

 is ascertained. 



The account begins by charging the Poultry Plant 

 with the total amount of the inventory list. On this, 

 the debit side of the account, are entered successively 

 ar> they occur, all the items of expense for feeds, labor, 

 stock, tools, appliances and supplies of whatever 

 kinds, every expenditure in fact made for the plant. 



On the credit side are placed as they occur, all the 

 items of income, such as receipts for eggs, dressed or 



