FARM ACCOl^'TS 



187 



is as follows. It is taken from a balance-sheet worked 

 out by the chartered accountant and is only another 

 and, to my mind, clearer way of saying the same thing. 



And if partnership farming between the landowner 

 and his manager should develop in this country, I am sure 

 it is the best form to adopt. 



FARM — 



April 6, 1917, to April 6, 1918 



Current Account 



Dr. 



To Com and cake pur- 

 chased 



,, Seeds 



,, Implements 



,, Miscellaneous expenses 



„ Wages 



„ Rates, taxes and insur- 

 ance 



„ Rent 



,, Interest on working 

 capital 



,, Cattle purchased 



„ Horses 



„ Artificial manures 



{. s. d. 



988 8 



103 t 



5 3 



483 o 



1115 10 



7 



9 



II 



3 



2 



97 19 II 

 433 Ki O 



250 9 

 129 17 

 129 3 

 368 15 



Profit for division with 

 partner 



£4105 4 9 

 2666 15 I 



£0771 19 10 



A'o<r.— The sale of cows 

 this year was somewhat 

 above the average. 



On April 6th there was 

 00 com " oii hand " this 

 yew. 



By Com sales. 

 ,, Milk sales . 

 „ Hay and straw sales 

 „ Cattle sales 

 ,, Miscellaneous receipts 



Cr. 



£ s- 



3117 10 



2365 II 



23 12 



974 I 



91 3 



To Valuation April 6, 1917 

 „ Increaie being profit 

 (not withdrawn) 



Total 



Gross sales of produce per 



acre 

 Average yield of milk per 



cow, gallons 

 Average yield of wheat per 



acre, qrs. 

 Average yield of barley per 



acre, qrs. 

 Average yield of oats per 



acre, qrs. 

 Cost of labour per acre 

 Cost of artificials per acre 



Capital .Account 

 5355 7 5 By valuation, April 6. 1918 ")649 17 8 



294 10 3 



£5649 >7 8 



£5649 17 8 



tiolt. — A licensed valuer values each 

 year, and at pre war prict-s. The one 

 object being to sec that the working 

 capital docs not drop below the £}ooo 

 onpnaUy put in. 



