UNITED STATES DEPARTMENT OF AGRICULTURE 



-,^ BULLETIN No. 362 i 



^^^ Contribntion from the Office of Markets and Rnral Organization *>q 

 J^^^^i^U CHARLES J. BRAND, Chief J»^^^W<* 



Washington, D. C. 



May 6, 1916 



A SYSTEM OF ACCOUNTS FOR PRIMARY GRAIN 



ELEVATORS. 



By John R. Humphrey, Assistant in Market Business Practice, and W. H. Keer, 

 Investigator in Market Business Practice. 



CONTENTS. 



Page. 



Introduction 1 



Types of elevator accounting systems 2 



Office equipment 2 



Taking an inventory 3 



Auditing the books 3 



Hedging 4 



Insurance of elevators 4 



Page. 



Description of the OfQce of Markets and 

 Rural Organization grain elevator accoimt- 



ing system 4 



Instructions for operating the system 8 



Conclusion 19 



Blank forms Nos. 1 to 15, following 20 



INTRODUCTION. 



The rapid growth of the business of primary grain elevators 

 has emphasized the importance of adequate accounting systems. 

 It has been reahzed that the adoption of a uniform system suffi- 

 ciently comprehensive to accommodate itself to the conditions pre- 

 vailing in the grain-producing States would be a step in advance. 

 This bulletin describes a grain elevator accounting system which 

 has been devised by the Office of Markets and Rural Organizations 

 and which is now being used by representative elevators in all of 

 the leading grain-producing States. 



In drawing up the various forms comprising this system reference 

 has been made to many other systems now in operation. A first- 

 hand study of conditions existmg in the elevator business has like- 

 wise had a bearing on the final form of this system. 



Note. — This bulletin is intended for all primary grain elevators throughout the United States. It con- 

 tains copies of forms and a description of their uses for a system of accounts which is being recommended 

 by the Office of Markets and Rural Organization, United States Department of Agriculture, as a imlform 

 system for primary grain elevators. 

 25749°— BuU. 362—16 1 



