FARM MANAGEMENT 



305 



credits will include all products sold, an inventory of amount 

 on hand at end of year, the amount used for feed or saved 

 for seed, residue bf manure and fertilizer, which may be 

 estimated as remaining for the next crop. 



Special farm record and account books have been pre- 

 pared by the U.S. Department of Agriculture and by various 

 State Agricultural Colleges. Those interested in keeping farm 

 records should secure a copy of an approved record book. 



The expenditures or charges will include an inventory of 

 the amount of the crop on hand from previous year, manure 

 and fertilizer from the preceding crop, manure and fertilizer 

 applied to present crop, seed (if bought), and man and horse 

 labor. For an accurate and complete cost account of an 

 enterprise such items as the use of buildings, land, etc., and 

 interest on all costs relating to the enterprise should be 

 charged. The following example will show how the entries 



are made : 



CORN RECEIPTS Cr. 



NOTE a. Should appear also as a charge in acct. with cows. 

 b. Should appear also in cash acct. as money received. 



EXPENDITURES 



CORN 



Dr. 



NOTE. a. Should appear also in cash acct. as money paid out. 



b. Should appear also as credit item in labor acct. 



c. Should appear also as a credit item in acct. with horses. 



d. Carried over from previous crop and might have been charged here as 



inventory. 



