33* FARM ACCOUNTING 



the Hunt's to which they correspond on the books of a 

 landlord operator. 



33. What treatment is suggested for handling Interest on In- 



vestment when the property is mortgaged? 



34. Why is interest on working capital not considered as an 



element of cost in practice? Should it be theoretically? 



35. State briefly the object of "closing the books in the way 



they are closed under a cost system. 



36. Outline the general plan of closing, emphasizing the logical 



order. 



37. Why are the several steps in the detailed process of closing 



arranged in the order shown? 



38. In what way may one modify his cost system in order to get 



reasonable results without numerous details? 

 30. What should be done with the ledger accounts after closing? 



