xii PREFACE 



Some attention is also given in these pages to a discus- 

 sion of the interpretation of results. An intelligent in- 

 terpretation of results, leading to constructive criticism, 

 is one of the most important factors in the success of any 

 accounting system. This interpretation and criticism is 

 materially strengthened by the use of percentages and 

 tabulated results in various forms. 



The use of mixed accounts and the Cash- journal are 

 two principles advocated herein that should prove of ma- 

 terial benefit to any one interested in recording farm trans- 

 actions. They afford a simplicity of operation not equaled 

 by the use of the more highly specialized accounts and 

 books of original entry. The natural increase in live stock 

 and the uncertainty of crop results from a given expendi- 

 ture of raw materials and labor have no common counter- 

 part in commercial accounting. They therefore require 

 accounts to meet the conditions. 



Carefully prepared review questions on the subject- 

 matter of the book are grouped by chapters after the Ap- 

 pendices. They are inserted primarily as a guide to study. 

 By following these questions one may be materially assisted 

 in recognizing the essential points in each chapter. 



There are numerous Illustrative Problems following the 

 Review Questions. These problems are carefully graded 

 by chapters and have been prepared with the idea of af- 

 fording practical application of the principles in connec- 

 tion with each chapter. When used as a text, the problems 

 for a given chapter should be worked immediately after 

 completing a study of the chapter. 



Definitions are not presented as the primary basis for 



