PROGRESSIVE POULTRY CULTURE 253 



count the corresponding credit is recorded in another 

 ledger account. For e'xample a check paid for labor 

 is debited to Wage Account and credited to Bank Ac- 

 count; 



Accounts may be opened under separate heads with 

 any department or interest of the poultry plant, such 

 as Real Estate (including Land and Buildings), 

 Buildings and Yards, Bank, Income from Stock and 

 Eggs together or separately, General Expense, Special 

 Expense of Feeds, Labor, Advertising, Marketing, 

 Postage and Sundries. 



If capital or funds are to be borrowed there should 

 be an account with Bills Payable. If sales are made 

 on credit there will be an account with Bills Receiv- 

 able. These may include interest items or if desired 

 there may be a separate account kept with Interest. 



Accounts are opened also with parties who loan 

 money to the poultryman and such as buy of him on 

 credit, or borrow of him. 



It is well to have an account with a bank, deposit 

 all moneys received and make all payments by num- 

 bered checks on the bank. Each check duly indorsed 

 by the receiver is, in fact, equivalent to a signed re 

 ceipt for payment. Money required for small cash 

 purchases may be drawn by check from the bank. 

 This plan helps to simplify the accounting and checks 

 mistakes. 



The Ledger becomes a collection of records of the 

 income and' expenses of the poultry plant in its differ- 

 ent departments and at any time the accountant, by 

 taking a trial balance, can show the exact financial 

 status of the business. 



Just before taking a trial balance the bank -book 

 should be written up to date. Add the debit and 

 credit items of the Journal for the period of balancing. 

 The totals of the credits should equal the total of the 

 debits. Make sure that all the Journal entries are 

 posted in the Ledger under the proper headings. Take 

 a sheet of paper ruled like a ledger leaf. Begin with 

 the first account in the Ledger, add the debit and 



