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UNITED STATES DEPARTMENT OF AGRICULTURE 

 BULLETIN No. 865 



Contribution from the Bureau of Markets 

 George Livingston, Chief 



Washington, D. C. 



August 16, 1920 



A CLASSIFICATION OF 

 LEDGER ACCOUNTS FOR CREAMERIES 



By 



GEORGE O. KNAPP and BURTON B. MASON, Assistants 



in Market Business Practice, and A. V. SWARTHOUT 



Investigator in Market Business Practice 



CONTENTS 



Page 



Introduction 1 



Chart of Ledger Accounts 4 



Assets 5 



Liabilities, Reserves, and Net Worth . . 12 



Income Accounts 23 



Expense Accounts 24 



Page 



Trial Balance 31 



Closing the Books .' 31 



Balance Sheet 33 



Income and Expense Statement ... 35 



Installation of Additional Equipment . . 36 



The Nature of Bookkeeping 38 



WASHINGTON 



GOVERNMENT PRINTING OFFICE 



1920 



