FINANCIAL RECORDS 



139 



take our breeding stock, buildings or plant and feed on hand 

 into account and list them as an asset. Our liabilities would 

 be whatever we owe. Of course we must charge off a fair 

 amount for depreciation on our stock and plant. Both must be 

 charged off yearly as both depreciate a certain amount each 

 year. Place a fair value on your breeding birds when making 

 up your statements — what you could actually sell them for in 

 case you had to do so. 



A PEN OF LARGE RED CARNBAUX 

 Photo from AVilson Piffeon Farm, AVilson, Kan. 



We should keep a book known as a cash book on which we 

 enter money received and disbursed before posting these in the 

 as well as from whom we purchased certain items and how 

 much we paid for each. For example. Suppose on July 15th 

 we sell John Doe, Savannah, Ga., twelve pairs of Homers at 

 $3.00 per pair. On our cash book on the debit side we enter 

 the transaction thus: 



ledger. The purpose of this is to show to whom we have sold 

 squabs or breeding stock and from whom we received money 



