SYSTEM OF ACCOUNTS FOE FARMERS COOPERATIVE ELEVATORS. 5 



The complete system includes 15 forms, as follows: 



Form No. 1 — Cash, journal, purchase and sales record. 



Form No. 2 — Record of grain receipts. 



Form No. 3 — Record of grain purchases 



Form No. 4 — Record of grain shipments and sales. 



Form No. 5 — Record of hedges. 



Form No. 6 — Record of sales to arrive. 



Form No. 7 — Patronage ledger. 



Form No. 8 — Grain and merchandise report. 



Form No. 9 — Manager's report. 



Form No. 10 — Grain check. 



Form No. 11 — Scale ticket. 



Form No. 12 — Storage ticket. 



Form No. 13 — Sales ticket. 



Form No. 14 — Cash receipt. 



Form No. 15 — Cost analysis. 



For convenience of discussion, the description of the foregoing 

 forms will be taken up in respect to the order of their use. 



SCALE TICKET. 



Form No. 11 (see p. 26) represents the scale ticket adopted under 

 this system, but it is not essential that this exact form should be 

 used, as any scale ticket which records gross, tare, and net, and gross 

 dockage, and net of the load, together with designations as to the 

 owner and kind of grain, will be satisfactory. 



STORAGE TICKET. 



In order that all grain may be accounted for properly upon receipt 

 by the elevator, the adoption of the storage ticket as a means of 

 recording bushels and pounds received is strongly recommended. 

 Form No. 12 (see p. 27) represents such a ticket. Upon this ticket 

 are recorded the gross dockage and net of all the loads which have 

 been hauled in any one day by a single owner, as previously recorded 

 on scale tickets. Storage tickets should be made up at the close of 

 business each day. Both scale and storage tickets should be num- 

 bered consecutively and printed in duplicate. 



For convenience in referring to the data entered on storage tickets 

 it is advisable to file the tickets alphabetically under two headings, 

 denoting "stored grain" and "purchased grain." By this system of 

 filing, each patron's sales are kept together and settlement may be 

 effected easily in the case of unsold grain through reference to this 

 file. A small card file containing a card for each patron may be 

 found of assistance in listing numbers of storage tickets and for 

 furnishing other information for checking up the storage-ticket files. 



RECORD OF GRAIN RECEIPTS. 



After having registered all the receipts of grain on storage tickets 

 under the names of their respective owners, entry should be made 



