Contingent Accounts 35 



running at the same time, as harvesting may be 

 going on in the 1900 wheat field in July, while 

 the ground for the 1901 wheat field is being 

 prepared in the same or the following months. 

 Then, too, when the teams are working for them- 

 selves, as they may do in rare cases, it is well 

 to charge up the time to them, that the total 

 earnings of the teams for the year may be known. 



It may be well, in beginning to keep accounts, 

 to imagine that the proprietor parts with his 

 property, giving it over to Mr. Teams, Mr. Corn 

 Field, etc. ; that is, he has personified all accounts, 

 thinks of them as individuals, and thinks of him- 

 self as an accountant until the end of the year, 

 when he will settle with the various persons — 

 personified accounts — and see which have made 

 a profit and which a loss. 



Incidental accounts (pp. 35-38). Under this 

 name are included many indefinite running ex- 

 penses (p. 27). Such accounts seldom have 

 any natural credits, and therefore are sometimes 

 treated as single -entry or memorandum accounts. 

 However, a double -entry system may be made 

 by making Cash, or some other account, the other 

 side of the entry. Bear in mind that incidental 

 accounts represent a general class of accounts. 

 Amongst these accounts may be a Contingent 

 Account, Farm Household, Personal Expense, 

 and other accounts. 



