Final Balance 81 



naturally under Improvement account. At the 

 end of the year this account will usually show 

 that more has been paid out than has been 

 received, unless there is timber, stone or cord 

 wood to sell. But suppose it is so. After the 

 accounts are closed and gain and loss determined, 

 it will not be difficult for the proprietor to inspect 

 the gain and loss statement, and, being conver- 

 sant with all the facts, he will be able to determine 

 approximately the true amount of gain or loss. 



When the Trial Balance has been completed 

 and proved, the farmer may cast up his assets 

 and liabilities in the following form: 



Balance Sheet 

 Assets — 



Cash $1,389 69 



Teams 810 00 



Farm Tools 396 00 



Live Stock 570 00 



1901 Wheat Field 52 50 



John Bryant 87 80 



$3,305 99 



Liabilities — 



John Smith $25 75 



Farmer (Net Worth) 3,280 24 



$3,305 99 



