30 BULLETIN 381; U. S. DEPAETMENT OF AGEICULTURE. 



year to the credit of coupons and remains a liability until re- 

 deemed. (16) 



4. Merchandise purchases. — The total amount of the invoices of 

 payments for merchandise. (28) 



5. Produce purchased. — The total value of the produce paid for in 

 coupons or cash. It is important that all the produce purchased for 

 coupons or cash be entered in this column, so that rehable statistics 

 may be had on this branch of the business. In a credit business it is 

 sometimes found convenient to credit the customer's account with 

 the produce bought. In that case a special produce register is kept, 

 upon which are recorded all items of produce for merchandise with- 

 out the use of coupons. However, all such exchanges should be prop- 

 erly recorded on the produce register, so that a complete account is 

 kept of aU produce purchased. (29) 



6. Returns and allowances. — In this are entered cash refunds for 

 goods returned by customers. (25) 



7. Freight, express, and cartage. — In this are entered aU payments 

 for transportation on inward goods. (31) 



8. Salaries and labor. — AU salaries and wages are entered in this 

 column. Later they are subdivided under accounts. (41) and (45) 



9. Advertising and delivery. (42) and (43) 



10. Miscellaneous buying and selling expense. (44) 



11. Office expense. (46) 



i2. Rent, insurance, and taxes. (48) 



13. Light, heat, water, power. (49) 



14. Interest. (53) 



15. Telephone and telegraph. (52) 



16. Bills payable. (14) 



17. Furniture and fixtures. — In this column are entered aU pay- 

 ments for additions to furniture and fixtures, but must not contain 

 anything for merchandise or renewals and repairs. (10) 



18. Unclassified. — In this column are entered all items which can 

 not properly be included under any of the preceding headings. The 

 account titles are indicated in the space provided, and each item is 

 posted to the proper account in the General Ledger as explained on 

 page 36. 



BALANCING THE CASHBOOK. 



As already stated, the sum of columns 1, 2, and 3 equals the sum 

 of the totals in the distribution columns. This must be proved before 

 any totals are forwarded from page to page. The cash balance should 

 be noted in the Receipts Book ** items" column from time to time. 

 (See Form 14.) But this is only a memorandum. The totals should 

 be carried forward until the end of each month, when the totals are 

 entered in the Summary (Form 18). 



