20 BULLETIN 985, U. S. DEPARTMENT OF AGRICULTURE. 



of the business, arranged under their proper designation, each sum- 

 mary being known in bookkeeping as an account. 



Chart or Ledger Accounts for Cotton Ginneries. 

 Balance Sheet Accounts (Nos. A to I, inclusive). 



ASSETS. 



A. Current assets: Page. 



Al. Cash, on hand 21 



A2. Cash in bank 21 



A3. Notes receivable 21 



A4. Accounts receivable control (ginning ledger) 22 



A5. Inventory 22 



B. Fixed assets: 



Bl. Land 22 



B2. Buildings 23 



B3. Machinery and equipment 23 



B4. Office furniture and equipment 24 



D. Accounts paid in advance: 



Dl. Prepaid insurance 24 



LIABILITIES, RESERVES, AND NET WORTH. 



F. Current liabilities: 



Fl. Notes payable 25 



F2. Accounts payable 25 



F3. Dividends payable 25 



G. Accrued liabilities: 



Gl. Pay-roll account 26 



G2. Accrued taxes and rent 26 



H. Reserves: 



HI. Depreciation, buildings 27 



H2. Depreciation, machineiy and equipment 27 



H3. Depreciation, office equipment 27 



H4. Doubtful accounts 28 



I. Net worth: 



11. Capital stock 28 



12. Surplus. 29 



13. Loss and gain 30 



Income and expense accounts (Nos. A to P, inclusive). 



K. Ginning income: 



Kl. Custom ginning income 30 



L . Trading income : 



LI. Cottonseed sales 31 



L2. Cotton sales 31 



L3. Bagging and ties sales 31 



M. Miscellaneous income: 



Ml. Cash discount 31 



N. Ginning expense, operating: 



Nl. Salaries and labor expense 32 



N2. Power expense 32 



N3. Repairs 32 



N4. Depreciation 32 



N5. Operating supplies 33 



N6. Insurance 33 



0. Administrative expense: 



01. Office supplies 33 



02. Telegraph, telephone, and postage 33 



03. Rent 33 



04. Taxes 34 



05. Loss from bad accounts 34 



06. Miscellaneous expense 34 



P. Trading accounts: 



PI. Seed-cotton purchases 34 



P2. Cottonseed purchases 35 



P3. Cotton purchases 35 



P4. Bagging and ties purchases 35 



