344 



DAY BOOK. 

 Page i. 



January I The property I possess is as follows : 

 200 acres of land, value ^200. 



Live stock, 122. 

 Working plant, 27. 



Cash in bank, 100. 



The above items constitute the entire capital ; it is sub-divided and classified 

 in the Journal (journalised) under the head of property, live stock, working plans 

 and cash accounts. 



5 Bought from Sandover and Co., one single furrow plough, 6 los. 



As this purchase is an addition to working plant, that account is charged with 

 it and credit given to Sandover and Co. for supplying it. 



5 Paid for stores for house, 7, 



This being an expense, expenses account is charged (debited) with the amount 

 and cash account credited for money paid out. 



12 Bought from M'Bean and Co., five sacks bonedust, 2 los. 



The bonedust bein 

 with amou 

 bonedust. 



nedust being for cropping purposes, crop account is charged (debited) 

 nt, and M'Bean and Co., receive credit (credited) for supplying the 



30 Paid M'Bean and Co. my cheque, 2 los. 



M'Bean and Co.'s account is charged (debited) with this amount, and cash 

 account credited for so much money paid out. 



30 Sent my cheque per post to Sandover and Co., 6 IDS. 



This is similar to the foregoing transaction, and the same explanation applies to it 



February 4 Sold to Jas. Ferguson four tons of hay at 2 i$s. per ton, n. 



Ferguson is indebted for the amount of hay, his account is charged (debited) 

 with the amount, and crop account receives credit (credited), the hay being a 

 portion of crop. 



17 Sold to Jas. Murphy two calves at 153. each, i ios. 



The foregoing explanation applies to this transaction, except in this matter, 

 live stock account receives credit for the calves sold to Murphy. 



