f OF THE *^ A 



'■ _ w 



HOW TO KBBP FARM ACCOUNTS. 



is clear to every one. (See paragraph 48 for further remarks re- 

 lating to this subject.) 



In beginning,, all live-stock and products are charged to this 

 account. At the end of the year it is credited with what is on 

 hand, the difference between the two sides showing the sales for 

 the year. Then this difference carried to the Loss and Gain ac- 

 count is opposite the items showing the expenses of operating the 

 farm and the difference between them shows the net results of the 

 gain or loss of the farmstead's management for the year. This is 

 the practical side of farm accounting, therefore, we debit and 

 credit the Production account as follows: 



107 



