224 



Simple Cost Accounts for Farmers. 



[June, 



be specifically allocated. At the end of the year the total should 

 be divided up among the various closing accounts on some 

 conventional basis, such as the relative expenditure on labour 

 in each department or in proportion to the turnover. 



(14) One more account is necessary into which are brought 

 the bills owing or unpaid, the cash in hand and at the bank, 

 and the capital. 



It is difficult to make clear in the brief space available a system 

 of book-keeping, and many readers may be led to feel that the 

 method proposed is far too complicated for them to take up. 

 Actually, as soon as the principle has been grasped and the 

 farmer has got over the first difficulty of starting, the system 

 will be found to work with surprising ease. Mr. C. S. Orwin, the 

 Director of the Institute for Research in Agricultural Economics 

 at Oxford, v^ill be glad to assist any farmer who wishes to start 

 book-keeping on these lines. 



