252 PROGRESSIVE POULTRY CULTURE 



DOUBLE-ENTRY ACCOUNTING. 



If the poultry business is conducted on a large scale 

 or the keeper of fowls desires to keep thoroughly 

 posted as to each part of the business, it is well to 

 keep a set of books by double-entry. 



The poultryman may choose to keep the books him- 

 self if he has had the requisite training or he may 

 employ someone skilled in accounting. Such a person 

 will be familiar with business terms and the signs and 

 abbreviations used in regular book-keeping. If familiar 

 with the details of poultry-keeping, he can keep the 

 poultry accounts without difficulty. 



A few special points are given in the hope that 

 poultrymen who are interested will be induced to give 

 to accounting the attention which it deserves. 



The main advantage of the double-entry system is 

 that each branch and interest of the business may 

 have its separate account, kept ready for balancing at 

 any time. A gain or loss in each representative ac- 

 count can be quickly ascertained. There is thus furn- 

 ished a very effective guide in the management of the 

 business. 



The accounts as they occur may be entered in a 

 Day Book. In this book of original entries there 

 should be no erasures. 



From the Day Book the items are posted to the 

 Journal as soon as convenient. It is possible to dis- 

 pense with the Day Book and enter the items directly 

 in the Journal. 



Three simple rules in journalizing are the following: 



1. Debit whatever costs value, or the thing re- 

 ceived. 



2. Credit whatever produces value, or the thing 

 parted with. 



3. When a debit is entered there must be a corres- 

 ponding credit entered and when a credit is entered 

 there must be a corresponding debit entered. 



The accounts are then ready for posting to the 

 Ledger, wherin are kept the separate accounts. 



When an entry is made on the debit side of one oc- 



