HOW TO KEEP FARM ACCOUNTS. 



THE YEARLY STATEMENT. 



223. \\'(> kci-p ail account with our farmstead, so that we 

 cau tell our actual financial conilition at least once a year. After 

 the Ledger is closed, to fjet the facts before us in a nutshell, we 

 make an annual statement. To keep an account for a number of 

 years, and compare the last with those that precede it. is a great 

 aid to successful farming, because it shows us what branch of our 

 manai:ement needs more care and attention. The facts we are 

 able to glean from the statement made up at the end of the year 

 as to our progress, more than pays us for the labor required to 

 keep the Ledger, as it must be kept, to get accurate results. To 

 present these benefits more fully we give the statement as Fox 

 would make it from his Ledger, illustrated in the preceding pages. 

 The statement follows: 



ANNUAL STATEMENT OF CLOVEKMEAD lAKM. 



MAHCH 31, 1902. 



RESOURCES. LIABILITIES. 



LOSSES. 



GAINS. 



RESOURCES AND LIABILITIES. 



224. of course, you undei*stand. if you have studied the in- 

 structions, there are no oi)en accounts in the Ledger at the end 



136 



