518 



BUSINESS MANAGEMENT 



reduction in value is shown this decrease must of necessity be 

 charged as a loss, while if an increase is apparent, it registers as a 

 gain or profit. 



Different Uses of Land. — The distribution of farm areas should 

 next be listed in somewhat the following manner : 

 Distribution of Farm Area. 



Buildings and waste land . 



Woodland 



Laying ranges 



Young stock ranges 



Fruit 



Crops 



Total axea . 



Total value $ 



The total area and value give the necessary information to fill 

 out item number one under the inventory. When possible, a care- 

 fully drawn farm map of the farm being surveyed should be made 

 up, and used in checking inventory values, crop yields, production, 

 etc. Such a map is of inestimable value in planning ahead for the 

 year's work. (See page 520 for such a map.) 



Cost of Operation. — We should record the operating charges. 

 This group of facts can only be accurately ascertained when com- 

 plete accounts are kept throughout the year so that they can be 

 actually totalled and classified according to the items in the fol- 

 lowing table: 



Operating Charges. 



Taxes 



Feed purchased 



Seed purchased 



Fertilizer purchased 



Labor 



Fuel 



Express and freight 



Cases and cartons 



Team labor 



Stock purchased 



Eggs purchased 



Advertising 



Supplies 



Incidentals ; 



Depreciation, repairs and insuranco 



on buildings, at 5 per cent 



Depreciation on team and tools, at 



10 per cent 



Total operating charges S- 



