HOIV TO KEEP FARM ACCOUNTS. 



ACCOUNTS WITH I'EHSONS TO WHOM WE SELL PRODUCE. 



197. Tlic faniKT nsiiiilly st'lls liis jnoduots for cash, Bnt 

 when anything is sold on time an account should be opened with 

 the person sold. Then all products sold liiin must be charfjed to 

 him and al! payments made by him credited to him. This account 

 ajjainst the C. H. & D. W. \\. is equivalent to a personal account, 

 as we have charge<l the K. K. Co., for the amount of seed corn lost 

 while in their hands, and have given them <redit for their check 

 M'hen it was paid. Accounts of this nature are treated as fol- 

 lows: 



AT THE EXD OF THE YEAH. 



203. To close, at the end of the year, or when we want to 

 tiiiusfer to a new page, tind the difference between the two sid<-s, 

 and if the debit side be the larger, write on the credit side, in 

 red ink. "By Balance" for (he amount of \\w difference. This 

 ntakcs the account balance after which rule the closing lines and 

 (•ntcr between them the totals in black ink carrying the amount 

 necessary to make the account balance, forward to the new page 

 or to the new Ledger, writing on the debit side in black ink the 

 date — "To IJalaiuc" ami itie amount, writing on the old })age 



1S6 



