Explawdion of Ledger 59 



Live Stock, because the accounts of all of the hve 

 stock, except horses, are kept under the head of 

 Stock or Live Stock. The live stock account 

 might in practice be subdivided into cattle, swine, 

 sheep and poultry, as the numbers and impor- 

 tance of each should justify. 



Soon after harvest the hay and grain expected 

 to be consumed on the farm should be charged 

 to the class of stock which is expected to con- 

 sume it, and that which is expected to be sold 

 charged up to farm products, while the various 

 fields or crops would receive credit. For instance, 

 if a part of the hay, which had been charged to 

 Farm Products, was needed later for teams or 

 stock, such amounts as were used should be 

 charged to them and Farm Products credited 

 with the same amounts. 



Observe that all the entries in the ledger have 

 been posted from either the blotter or the work 

 reports, and that the object in doing so is to 

 get all the debit and credit charges of each ac- 

 count together in order that the condition of 

 the account may be seen at a glance. True, if 

 the blotter and work reports were left unposted 

 there would be a record of all transactions, but 

 they would be so scattered that they would be of 

 little practical value. 



Furthe-r instructions on balancing the ledger 

 will be found on pp. 72-75. 



