HOW TO KEEP FARM ACCOUNTS. 



or credit tbis account for the net loss or net gain, as shown by the 

 Loss and Gain account. Now. find the difference between the two 

 sides. If the credit side is the larj^er. write on the debit side in 

 red ink "To Balance" and the aniouut of the difference which will 

 make the account balance. Then, rule the closing lines with red 

 ink and entor in black ink the total amounts between them. 

 After which, write on the credit side just below the closing lines 

 in black ink the date beginning the new year, and the amount of 

 the difference between the sides of the account which is the 

 Present Worth. 



Refer to Plate 61 and 62 and you will see that the net gain 

 of Fox is $2,123.57 which we credit to him. and then, to balance 

 the account we write in red ink on the debit side the difference 

 between the sides, i e: |12,7()3.60 and the wi)rds "To Balance." 

 We then rule tlie closing lines and bring down on the credit side 

 in black ink the date and the amount, i|12,703.60 — which is hi& 

 "Present Worth" at this time. 



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