58 The Farmer^s Business Handbook 



ledger the place where the original entry may 

 be found. 



The accountant should get a clear conception 

 of debtor and creditor and of double - entry 

 accounts before opening a set of books. If any 

 account is debited, — for instance, Peter Brown 

 (see first charge in blotter, p. 47), with $3, — some 

 other account or accounts must be credited with 

 a like amount. In this case it is Orchard. Or, 

 consider the first work report, Peter Brown's. 

 Ten accounts have been debited with various 

 sums, the total amount of which is $32.50. Peter 

 Brown has been credited with this amount for 

 labor, so it is evident that the total debit charges 

 should be equal to the total credit charges. 



On April 2 apples were sold to Peter Brown; 

 and on April 14 apples were also sold to John 

 Rice (p. 48), but he is not debited with them 

 because he paid for them. In this instance Cash 

 received value and is, therefore, debited; Orchard 

 parted with value in both cases and therefore re- 

 ceived credit in both cases. 



On the 14th a horse was purchased (p. 47), and 

 was turned over to Teams' account and will find 

 a place in the inventory at the end of the year. 

 On the 25th two colts were sold for cash (p. 49). 

 Cash must then be debited and Teams credited, 

 since Teams parted with value. On the 12th a 

 calf was purchased (p. 47). This is debited to 



