CONTENTS xix 



CHAPTER pAGB 



Sheep; Equipment; Farm Crops; Household; La- 

 bor; Board of Laborers; Labor of the Farmer's 

 Family; Feed; Fertilizer; Inventories; Inventory 

 Entries in Accounts ; Natural Increase in Live- 

 stock; Taking and Recording the Inventory; 

 Livestock Inventory in Accounts; Miscellaneous 

 Supplies Inventory in Accounts; Depreciation; 

 Recording Depreciation in Accounts; Diminishing 

 Value and Straight Line Depreciation; Building 

 Depreciation; General Theory of Depreciation; 

 Closing Journal Entry; Illustrative Problems; 

 Review Questions. 



VII. SPECIAL ACCOUNTS AND ENTRIES (Continued) . 175 

 Fair Exhibits; Consignments; Auctions; Fire 

 Loss; Death of Livestock; Market Gardening; 

 Crops Sold Under Contract; Orchards; Woodland; 

 Bees; Partnership; Opening Entry of a Partner- 

 ship; Closing Entries of a Partnership; Interest 

 on Partner's Net Capital; Partners' Drawing Ac- 

 counts; Partnership Legal Difficulties; Dissolution 

 of Partnership; Share Rent; Effect of Share 

 Rental on Accounts; Inventory Record in Share 

 Rental; Cash Rent; Operation of More Than One 

 Farm; Form of Increased or Decreased Wealth; 

 Profit as Farmer and as Individual; Illustrative 

 Problems; Review Questions. 



VIII. COST ACCOUNTING 218 



Definition; Cost and General Accounting Com- 

 pared; Use of Cost Data; Purpose of a Cost Sys- 

 tem; Finding Profit of Each Productive Element; 

 Basis of Constructive Criticism; Fixing Prices, 

 Theoretically; General Scheme of Operation; La- 

 bor Records; Monthly Labor Record; Yearly La- 

 bor Record; Debits and Credits in Labor Record; 

 Daily Labor Record; Hourly Cost of Labor j 



