SPECIAL ACCOUNTS AND ENTRIES 



181 



ILLUSTRATION 32 



ACCOUNTS AFFECTED BY DEATH OF LIVESTOCK WHEN ENTRY 

 is MADE AT TIME OF DEATH 



Swine 



1916 



Mar. 1 Inventory $400 



1917 



Feb. 28 Expenses f or yr. 100 



$500 



1917 



Mar. 1 Inventory down $150 



1916 



Dec. 22 Cash sale $140 



1917 



Jan. 25 Died of cholera 200 



Feb. 28 Inventory 150 



Feb. 28 Loss and Gain . 10 



$500 



Loss and Gain 



1917 



Jan. 25 Swine (cholera) $200 

 Feb. 28 Swine (operat- 

 ing loss) 10 



requires special consideration. The crops sold under con- 

 tract are referred to. A beet sugar concern contracts at 

 the beginning of the season for all the beets in a field at 

 so much a ton, and agrees to furnish the labor for cultiva- 

 tion and harvesting. A similar agreement might be made 

 concerning a field of cabbage, cucumbers, sweet corn, broom 

 corn or other crops. 



From the bookkeeping point of view no entries are re- 

 quired at the time the contract is made. The contract 

 should be in writing in order to be enforceable and should 

 be carefully preserved. 



