410 AGRICULTURAL ECONOMICS 



Entries should be made at other times if the time spent on chores 

 changes; for instance, when the cows are turned to pasture, when 

 additional cows freshen, or when a change of feed is made which will 

 require more time or less time for chore work. 



Daily work necessary to keep a complete set of accounts. The daily 

 work of keeping a complete set of accounts ordinarily consists in 

 entering receipts and expenses for that day and recording the hours 

 of work done. On many days there are no cash receipts or expenses, 

 as these are likely to be bunched on the days when trips are made 

 to town. The entry of these items with the filling of the chore blanks 

 for that day, if necessary, should not take more than five minutes. 

 It is being done hi less than an average of five minutes every day by 

 51 New York farmers, whose education varies from that acquired in 

 a district school to that of the college graduate, all of whom are work- 

 ing every day in the field with their hired men. 



Entries of the value of all home-grown feeds consumed must be 

 made in the live-stock accounts. All the feed bought is charged in 

 the financial record book directly against the animals for which it 

 was bought. If the hog feed were to run out some day and a bag of 

 cow feed were taken to the hogs, the entries should be made in the 

 financial record book just as if the cows had sold this feed and the 

 hogs had bought it. 



At the time of thrashing or at the close of haying the total crop 

 may be entered as a memorandum on the credit side of the proper 

 crop account, but the figures are not yet to be carried to the money 

 column. Estimates can be made with fair accuracy by measuring 

 bins and haymows or by counting the loads drawn and estimating the 

 average weight. The values will be entered when the product is sold 

 or transferred to the animals. When these crops are fed out, an 

 estimate must be made of the proportion fed to cows, horses, and 

 other stock and these accounts charged with the values thereof, 

 credit being given the crops. The quantity sold will be known from 

 weighing bills or otherwise, and it should be credited as a cash receipt. 



Whenever grain or hay is fed from the same bin or mow to two 

 or more classes of animals, a day's ration for each class of animals 

 may be weighed or measured once a month or oftener and the proper 

 proportion of the total feed, based on these weighings and the number 

 of days fed, charged to each class of stock. 



Closing the accounts at the end of the year. Considerable time is 

 required to close the set of accounts. However, this figuring should 



