432 



FARM MANAGEMENT 



The page may be ruled so that there is a left and a right 

 hand side on the same page. This is not so good as using the 

 left-hand page for debits and the right-hand page for credits, 

 because there is not room enough to write full explanations. 



Enter on the debit or left- 

 hand page, cash paid by you, 

 goods sold by you, work 

 done by you, or any item of 

 value for which you are not 

 paid. 



Enter on the right-hand 

 or credit side of the ac- 

 count, cash paid to you, 

 goods delivered to you, 

 work done for you, or any 

 item of value for which you 

 must pay. 



The following is an account that a farmer kept with 

 James Peterson, his hired-man: 



JAMES PETERSON 

 Commenced work Nov. 1, 1912, at $25 per month and board 



ANNUAL INVENTORY 



265. Objects of an inventory. Of the different kinds 

 of records for studying the details of one's business, no 

 account gives more information for the work involved than 

 does the annual inventory. Until the last year or two, 

 little attention has been given to this by institute speakers 

 or farm papers. This is the chief reason why so few 

 farmers take an annual inventory. The number who keep 

 an inventory is rapidly increasing, and should soon come 

 to include the majority of farmers^ 



Such an inventory shows how much has been made or 



