HOW TO KEEP FARM ACCOUNTS. 



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BILLS RECEIVABLE. 



143. If you loan money or sell auy of your farm products 

 taking a note for the amount, it is receivable by you. and con- 

 sequently must be debited to Bills Receivable. You take notes 

 for two reasons: In case of legal proceedings you do not have to 

 prove the account, or if needing money you can hnvc them di.s- 

 c(tuuted at your bank. In the beginning 



AT THE END OF THE YEAR. 



150. This account like Bills I'ayable. is never closed in 

 actual business unless it balances or it is necessary to forward 

 to a new page. On the farm it is advisable to open a new Ledger 

 each year, therefore, the account is closed at the end of the year 

 as follows: 



Find the difference between the sides and write on the credit 

 side "By Balance" for this difference which will make it balance. 

 Then rule the closing lines and enter the total amounts between 

 them. Next write on the debit side beneath the closing lines in 

 black ink "To Balance'' for the iiiinnint of the difference which 



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