HOIV TO KEEP FARM ACCOUNTS. 



a gain, balauct; the account and carry the amount of tlie <.Min to 

 the credit side of the Loss and Gain account. 



Wlicn the Ledger is closed at the end of the year, there must 

 be no o]K'n accounts in it, except those which show a Resource or 

 a Liability, and this is also true when the Ledger is opened. But 

 before the Ledger can be closed, an inventory must be taken, and 

 the one taken by Fox, Marcli 81, 1902, to illustrate the principles 

 of farm accounting, as sliown in the example given herein fol- 

 lows. Note that the totals of the Production, Feed and Imple- 

 ments on hand are credited to each, as shown on Plates 68, 73 and 

 75. Full instructions follow each account as to what you are to 

 do after the inventory has been taken and credited to each of the 

 accounts aliected. 



134 



