6 BULLFTIN 985, U. S. DEPARTMENT OF AGRICULTURE. 



Blank Ginning Company. 

 INCOME AND EXPENSE STATEMENT FOR , 19 



Ac- 

 count 

 num- 

 ber. 



Kl 



Nl 



N2 

 N3 



N4 

 N5 

 N6 



01 

 02 

 03 

 04 

 05 

 06 



Pla 



L3 



Ao 

 P4 



A 5 



Ao 



Pla 



Ml 



OPERATING. 



Ginning income: 

 Custom ginning income 



Ginning expense: 

 Operating- 

 Salaries and labor expense 



Power expense 



Repairs 



Depreciation 



Operating supplies expense 



Insurance 



Administrative — 



Office supplies 



Telegraph, telephone, and postage 



Rent 



Taxes 



Losses from bad accounts 



Miscellaneous expense 



Total ginning expenses ' 



Less— cost of ginning purchased seed cotton 



Cost of custom ginning 



Custom ginning net profit 



TRADING. 



Bagging and ties sales (net) 



Inventory beginning of year 



Purchases (net) 



Less — inventory — end of year 



Cost of sales (bagging and ties) 



Gross profit on bagging and ties 



Cottonseed sales (net) 



Cotton sales (net) 



Total I.' 



Inventories— begi n ning of year — 



Seed-cotton 



Cottonseed 



Cotton 



Purchases (net) — 



Seed-cotton 



Cottonseed 



Cotton 



Less — inventories — end of year 



Seed-cotton 



Cottonseed 



Cotton 



Material cost 



Cost of ginning purchased seed cotton 



Cost of sales (cotton and cottonseed) 



Gross profit on cotton trading 



Miscellaneous income: 



Cash discounts on purchases 



Sundry income 



Net profit for year 



Current year. 



Last year. 



Note. — Short dashes are used to indicate the places where figures are to be inserted. 



