1921.] 



Simple Cost Accounts for FA-RMEr.s. 



223 



iiccoinit and debited to farinymd maniiie. Tlie balance goes 

 to profit and loss. 



(9) Store Stock. — Any stores on the farm at the beginning of 

 the year are debited at the valuation, other stores purchased 

 at their cost price. The further del)its are the feeding stuffs 

 they consume, including crops, the horse and manual labour 

 attributable to the stock, and the share of establishment 

 expenses. The credits are the sales, and the manure value 

 of the foods if a farmyard manure account is opened. If at 

 the end of the year there are still some stock unsold the 

 total of the debits should be divided by the number of stock 

 either sold or still on hand, and those remaining on hand valued 

 forward to the next year at the average cost per head. There 

 will be a balance on this account to be carried to profit and loss. 



(10) BreediiKj Flock. — The debit begins with tlio valuation, 

 the ewes and rams at their standard price per head, and the 

 lambs at their standard price. The other debits will be ewes 

 purchased and rams hired or purchased, the crops and feeding 

 stuffs consumed by the flock, the horse and manual labour, 

 and the depreciation and establishment expenses. The credits 

 are the sales of the lambs and tegs, cast ewes and wool, 

 together with the closing valuation made by numbers at the 

 standard values. The manure value of the foods consumed 

 should be also credited to this account and charged to crops. 



(11) Flying Flock. — This is treated exactly like the store stock 

 account. The debits are the initial valuation or the purchase 

 price, the crops and feeding stuffs consumed, the labour and 

 the establishment charges. The credits are the sales and the 

 va.luation of whatever may remain unsold at cost, the cost 

 being divided as before according to the numbers sold or unsold. 



(12) Pigs. — The debits begin with the valuation of the stock 

 sows and boars at standard values, together with the store pigs 

 at their standard values. Other debits are the feeding stuffs, 

 labour and establishment charges. On the credit side come 

 the sales and the valuation of the store pigs unsold. This 

 valuation is again made by their numbers multiplied by the 

 ascertained average value of keeping a store pig for the part of 

 the year it is on the farm, i.e., the total costs divided by the 

 number sold during the year and on hand at the closing date. 



(13) Estahlishment. — This account is debited with the laboiu* 

 spent upon such operations as cleaning ditches, fences, road 

 mending and other repairs, together with sundry items like 

 travelling expenses, stationery ;ind postages, which cannot 



