A SYSTEM OF ACCOUNTING FOR COTTON GINNERIES. 



SUMMARY OF OPERATIONS. 



A form for presenting a summary of the ginning operations is 

 shown below. It is arranged to present in form convenient for use 

 the information relative to the quantity of cotton and cotton seed 

 handled. The information is obtained from the ginning register. 



Summary op Operations. 

 Bale record: 



Number of bales ginned 



Total weight of lint 



Seed cotton handled : 



Net weight bought. lbs 



Net weight sold lbs 



Disposition of seed : 



Taken by owner ^> lbs 



Bought lbs. ..'. 



Value $ 



THE COST AND INCOME ANALYSIS. 



The form for the cost and income analysis is arranged to show in 

 summary the cost and income per bale of the ginning operations. 

 Columns are provided for exhibiting the cost information of two 

 years in such a way that they can easily be compared. This affords 

 an excellent check on the efficiency of the business. 



The information for this report is obtained from the income and 

 expense statement, and the per bale figure is obtained by dividing 

 by the number of bales ginned, except in the case of the item "Less 

 cost of ginning purchased seed cotton," where the number of bales 

 of such cotton is used. 



Comparative cost and income analysis. 



Total number of bales ginned 



Current year 192— 



Last year 192— 



Bales purchased seed cotton ginned. — - 



Custom bales ginned 



Am 



sunt. 



Per 



bale. 



Amount. 



Per 

 bale. 





— 



" 





- 



- 



3 







- 

 : 



— 







— 







= 











— 











— 



'CUSTOM GINNING NET PROFIT 



Bagging and ties sold 



— 







BAGGING AND TIES GROSS PROFIT 



— 











TOTAL NET PROFIT AS PER INCOME AND 

 EXPENSE STATEMENT 









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



