94 The Farmer^s~ Business Handbook 



paid out by $357.35 than has been received; hence 

 that amount is entered on the debit side to balance. 



In opening the account with house No. 1, at 

 the beginning of the second fiscal year, the first 

 debit charge would be "to value of plant, $900," 

 followed by "supplies on hand, $10." 



It may be said that the profit, $357.35, as shown 

 on page 92, is not very large, but that is not the 

 point. The accounts, as set forth, are to illus- 

 trate how accounts may be kept easily and accu- 

 rately by an untrained bookkeeper. If there are 

 children in the family, of suitable age, they 

 should be required to keep the accounts, subject 

 to the supervision of father or mother. 



ACCOUNT WITH A TEN -ACRE APPLE ORCHARD 



I am certain that it would be both pleasant and 

 valuable if the cost of raising an orchard up to 

 the age of profitable fruitfulness could be known. 

 It is here assumed that after apple trees have been 

 set about eight years they will produce such an 

 amount of fruit as will pay for care of trees and 

 soil and for harvesting and marketing, and leave 

 a surplus for interest on investment and a small 

 profit the ninth year, with steadily increasing 

 profit thereafter until the trees begin to fail by 

 reason of age. Therefore, the account is closed 

 at the end of eight years, at which time the cost 



