SPECIAL ACCOUNTS AND ENTRIES 217 



16. What entries arise in the bee industry? 



17. What features in partnership operation of a business re- 



quire special consideration from a bookkeeping point of 

 view? 



18. Discuss the opening entry of a partnership. 



19. What is the nature of the entry closing Loss and Gain ac- 



count in a partnership? 



20. Under what conditions may profits or losses be shared equally 



while the capital of the partners is unequal? 



21. What conditions in a partnership make it desirable to credit 



interest to the proprietors on their capital invested? 



22. What is the function of the partner's drawing account? 



23. Name the points to be covered in a partnership agreement. 



24. How are the resources of a partnership divided at time of 



dissolution ? 



25. What is the nature of the entry made at the time of part- 



nership dissolution ? 



26. Is renting a farm on shares equivalent to forming a part- 



nership ? 



27. What conditions in leases and methods of accounting are to 



be considered before determining how to treat transac- 

 tions relative to share rental? 



28. A given tenant receives one-half of value of products and 



livestock sold. How does his Swine account differ in 

 operation and amounts involved from the account as it 

 would appear if he were a cash renter, or a landlord? 



29. What effect does share rental have on the inventory record? 



30. How does renting on a cash basis affect the accounts of the 



tenant? 



31. When a landlord owns and operates more than one farm, how 



should his accounts be kept? 



32. What is the purpose of the Change of Wealth statement? 



Describe its contents and discuss its results. 



33. Discuss the Farm and Individual Income Statement when 



the Household account shows a loss ; when it shows a gain ; 

 when the Household gain is more than the gain as an indi- 

 vidual. 



