UNITED STATES DEPARTMENT OF AGRICULTURE 

 BULLETIN No. 381 



Contribution from the OflSce of Markets and Rural Organization 

 CHARLES J. BRAND, Ciiief 



Washington, D. C. 



September 29, 1916 



BUSINESS PRACTICE AND ACCOUNTS 

 FOR COOPERATIVE STORES 



By 



J. A. BEXELL, Dean, School of Commerce, Oregon Agricultural 

 College, Collaborator, Office of Markets and Rural Organiza- 

 tion, and W. H. KERR, Investigator in Market Business 

 Practice, Office of Markets and Rural Organization 



CONTENTS 



Introduction 1 



Corporate Records 3 



Minutes 3 



Subscription Agreement . * . . . 5 



Certificate Book 7 



Stock Certificate Register .... 7 



Dividend Register 7 



Membership Ledger 7 



Interest and Dividend Account . . 10 



Statements and Reports 14 



Manager's Report 15 



Inventory 15 



Statements and Reports — Continued. 



Auditor's Report 18 



President's Report 16 



Operating Records 26 



Strictly Cash Business ... .26 



Both Cash and Credit Business . . 41 



Auditing 50 



Audit of Resources and Liabilities . 52 



Office Equipment 53 



Summary 55 



Bibliography 56 



Index of Records and Accounting Forms . 56 



WASHINGTON 



GOVERNMENT PRINTING OFFICE 



1916 



