HOW TO KEEP FARM ACCOUNTS. 



(pOr Lyun^'iyMt^ 'yoA^my (y^^k^JTT^ -y^ 



THE FAKMSTEAD. 



117. This account is in some respects equivalent to the 

 capital stock account of a corporation. The proprietoi"s account 

 represents the owner's interest in the business, and this, the busi- 

 ness itself. The principal difference is, that this account continues 

 to stiiTid niitouched from year to year unless we add more acreage 

 to the farm or sell from it a part. Therefore, the farmstead ac- 

 count should be debited and credited as follows: 



REAL ESTATE. 



121. Perhaps you may own other farms beside the one you 



work, or it ma.v be property in town. You rent them and wanting 



to know wlial (lu-y jiay you on the investment, you open an account 



with each. In such cases it is best to enter them by name, such as 



98 



