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AGRICULTURAL ECONOMICS 

 RECEIPTS FROM STOCK PRODUCTS 



LIVE-STOCK SUMMARY 



If there are receipts from other sources, such as cash labor, 

 machine work, or sale of timber products, they should have a separate 

 account. An inventory must be kept of all farm property buildings, 

 machinery, feed, and supplies, and record made of all improvements, 

 such as new buildings, fences, or machinery. On the other hand, 

 there must be a charge for depreciation which has occurred during 

 the year in the value of equipment and buildings. An accurate 

 account of current expenses must, of course, be kept at all times. 

 Memorandum records of such items may be transferred to the follow- 

 ing summary account: 



