Grade. 

 Date.. 



EXERCISE 36 



PLANNING SIMPLE POULTRY FARM ACCOUNTS 



Object. — To become familiar with methods and details of farm account- 

 ing and to work out a simple, yet efficient, system of accounts for a commercial 

 poultry farm. 



Equipment. — Have access to one or more actual sets of poultry farm 

 accounts, covering at least one complete year. Copies of numerous standard 

 farm accounting systems and books used in same should be available for 

 study. Single entry, as well as double entry, books should be at hand in 

 permanent and loose-leaf form. 



Procedure. — Step 1. — Divide an average poultry farm into its essential 

 departments, such as laying stock, breeding stock, incubation, brooding and 

 young stock branches. 



Step 2. — Show in outline form what books it would be desirable to keep 

 and what accounts it would be necessary to open in a double-entry system 

 of book-keeping, if the financial standing of each department, above listed, 

 is kept distinct and accurate. 



Step 3. — After becoming familiar with the plan and possibilities of the 

 column-system of book-keeping, as described on page 465 in Productive 

 Poultry Husbandry, make a sketch showing the proper headmgs and rulings 

 for a combined day-book, cash-book, and ledger, covering all departments 

 enumerated in the previous paragraph. Show simple entries for one month 

 in such a way as to explain how the system will work. 



Step 4. — Make a complete classified outline for a poultry farm inventory 

 in such a way that the values assigned to each part may be simply filled in 

 on the form. 



Step 5. — Make a complete form on which to show a financial balance 

 or yearly statement of profit or loss. 

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