n8 



FOREST VALUATION 



TRADING, AND PROFIT AND LOSS ACCOUNT 

 A. LAND 



Debit 



Cost, to date of sale. 

 Balance, gross profit, to general outlay 

 and income account. 



Debit 



Cost, to date of sale. 

 Balance, gross profit, to general outlay 

 and income account. 



C. GENERAL OUTLAY 



Debit 



Silvicultural operations. 

 Protection. 

 Maintenance. 

 Administration. 

 Taxes. 



Loss, from lands. 

 Loss, from timber stumpage. 

 Balance (profit). 



Credit 

 Sales. 

 Balance, loss, to general outlay and in- 



come account. 



B. STUMPAGE 



Credit 



Sales. 



Balance, loss, to general outlay and in- 

 come account. 



AND INCOME ACCOUNT 

 Credit 

 Leases. 

 Grazing. 



Secondary forest products. 

 Thinnings. 

 Profit, from lands. 

 Profit, from timber stumpage. 

 Balance (loss). 



Balance (loss). 



Interest on loans. 



Depreciation. 



Surplus (profit for period). 



Balance (profit). 



Deficit (loss for period). 



CAPITAL ACCOUNTS 

 D. LAND. 



Debit 



Cost, by parcels. 



Additions to cost by reason of annual 

 cash expenses. 



Credit 



By cost to date of sale. 

 Balance. 



E. STUMPAGE. 



Debit 



Cost, by parcels. 



Additions to cost by reason of annual 

 cash expenses. 



Credit 



By cost to date of sale. 

 Balance. 



F. DISTRIBUTION OF ANNUAL Loss, FROM PROFIT AND Loss ACCOUNT 



Debit 



Deficit. 



Credit 



By increase of capifel assets. 



