BOOKKEEPING FQ^ 



Fixed Assets; 



Land - 



Buildings ~ 



Machinery and equip- 

 ment - 



OfDce furniture and 

 equipment - 



Less — 



Reserves for depre- 

 ciation - 



Total fixed as- 

 sets 



Accounts paid in ad- 

 vance: 



Prepaid insurance - 



Printing and station- 

 ery inventory - 



Other Assets: 



Railroad claims . . . .- 

 Less — 



Reserve for loss on 

 railroad claims. . .- 



Total assets. 



,(3}R^N ELEVATORS. 



Fixed Lial)ilitics: 

 Notes secured l)y 



mortgages — 



Reserves: 



Reserve fur sinking 

 fund — 



NET WORTH. 



Capital stock — 



Surplus and iindivided 

 profits — 



Less deficit — 



37 



Total. 



INCOME AND EXPENSE STATEMENT. 



The Income and Expense Statement is an itemized statement of the 

 entries made to the Loss and Gain account, arranged in such a way 

 as to set forth clearly the results -of the operations of the" periods 

 involved. 



The following form of Income and Expense Statement will be found 

 convenient for exhibiting the operations of the elevator for either a 

 monthly or a yearly period. Wherever possible a monthly state- 

 ment of income and expense is advised. 



In the past no standard form of Income and Expense Statement has 

 been used; therefore, this form should fill a very definite need. By 

 its use not only the stockholders and directors may follow the details 

 of the business, but a ready comparison may be made between the 

 costs of operation of various elevators. 



In preparing this statement the amounts shown as sales and pur- 

 chases should be net figures. That is, merchandise returned by the 

 buyer should be deducted from the total sales, and merchandise 

 returned by the company to the concern from whom it was pur- 

 chased should be deducted from the total purchases. Profit on 

 hedges should be added to sales and loss on hedges should be added 

 to purchases in the respective grain accounts. 



