CHAPTER XXIV 

 FINANCIAL RECORDS 



Financial Records Must be Kept — Monthly and Yearly Statements — 

 Assets and Liabilities — Cash Book, Day Book and Ledger with 

 Sample Entries. 



In another chapter I have tried to impress upon you just 

 how important it is to keep systematic and accurate records 

 of your breeding stoclv. In tliis chapter I will strive to show a 

 system of records that will prove whether or not we have made 

 or lost money as the case may be. 



In any line of business some records must be kept to show 

 tlie owners whether or not tlioy are receiving the proper return 

 on their investment. The scope of the records should and 

 would, of course, be governed by the nature and size of the 

 business. Commercial pigeon breeding is not at all unlike 

 a manufacturing business in that we use certain commodities 

 and things to produce others. We, therefore, want to know 

 what it costs us to produce our product so that we can then 

 compare the cost with the receipts from the sales of this product 

 and determine our profit or loss. 



In studying this subject carefully we have found that the 

 following enter into the cost or expense. Feed, Health Grit, 

 Charcoal, Salt, Nesting Material, Water, Buildings, Hired Labor, 

 and Miscellaneous (stamps, stationery, ice, etc.) On the other 

 hand wliat we should receive from the business is cash for the 

 following: Squabs, Breeding Stock, Youngsters, Feathers, Ma- 

 nure. To keep these records we have neatly ruled books about 

 as we have shown in the accompanying drawings. The busi- 

 ness records are kept month by month; that is, each month 

 shows up for itself and at the end of the year we consolidate 



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