444 



THE ESSENTIALS OF AGRICULTURE 



value of labor used in caring for this stock and of the feed used 

 from the crops grown on the farm. Each year's account should 

 bear its proportion of taxes, insurance, and interest on invest- 

 ment. The receipts side of the live-stock account will include 

 the amount received for animals or animal products sold and the 

 value of the labor expended on crops, seed, and fertilizers used, 

 and, at the end of the year, its proportionate part of the taxes, 

 interest paid on the amount, and the depreciation on tools. On 

 the receipt side should appear the value of the crops harvested. 



The general expense account would carry all other expenses 

 of the farm. Perhaps, at the beginning, a general crop account, 

 a general live-stock account, and a general expense account are 

 all that should be attempted. 



INVENTORY SUMMARY 



TABLE I. This table shows the proper method of summarizing a farm 

 inventory to show the net investment. 



