128 FARM ACCOUNTIM, 



accounts are kept, it merely assists in finding the income 

 from eggs throughout the year as a separate item to be 

 transferred to the credit of Poultry account at the close 

 of the year. The net profit on eggs cannot be found sep- 

 arately from the net profit on poultry except through the 

 use of estimates or averages. The net profit from the 

 handling of eggs can be found if the Eggs account is 

 charged with all costs in connection with them after they 

 are laid; and credited with the selling price of those sold 

 and used. 



However, for all practical pin .i-M-mint with 



poultry is sufficient unless it U d.sii, 1 to keep the Eggs 

 account merely for the purpose of el-editing it with tin* 

 income, which is trailer, -n-.-.l to Poultry account at the 

 close of the year. After crediting Poultry account with 

 the inventory value of fowls on hand at the close of the 

 year, any balance remaining i> transferred to Loss and 

 Gain account. 



Sheep. Sheep account is another of the mixed accounts 

 to which the same principles apply as have been brought 

 out in connection with cattle and poultry. In this case, 

 however, there is not as good a reason for k epin^r a sep- 

 arate account for wool as then- is for dairy pnxluets and 

 eggs, since the sales of this product do not require as many 

 entries in the course of a year. It would be a very easy 

 matter to pick out from the credit side of Sheep account 

 the item or items n pi- -. siting sales of wool, if one wished 

 to find out at the close of the year how much of the total 

 income was due to the sale of sheep and how much to 

 the sale of wool. 



Equipment. The title " Equipment" is used to desig- 

 nate the account with farm implements and tools of va- 

 rious sorts. 



Some writers on the subject advocate the separation of 

 Equipment account into several classes, depending upon 



