14 
BULLETIN 381, U. S. DEPARTMENT OF AGRICULTURE. 
Form 7.— MANAGER'S REPORT— Continued. 
Part III.— EXHIBITS— Continued. 
B Accounts Receivable 
C Bills Receivable and Accrued Interest 
D Stock Notes Receivable and Accrued Interest 
E Merchandise Inventory 
F Oxfice Supplies Inventory 
G Furniture & Fixtures Inventory 
H Accounts Payable 
I Bills Payable and Accrued Interest 
J Capital Stock 
Form 8.— COMPARATIVE STATEMENT. 
Year. 
Sales. 
Per cent 
expense. 
Per cent 
salary 
and 
labor. 
1910 
67, 074 
12,2 
7.8 
1911 
70,300 
12.1 
7.5 
1912 
79.500 
11.4 
7.2 
1913 
101,600 
11.3 
6.9 
1914 
96,300 
12.3 
8.0 
1915 
111,200 
11.9 
7.4 
Per cent Per cent Average 5 , p . 
net gross | inven- ^ Surplus. *«£££ 
profit. profit. 
torv. 
4.0 
4.9 
6.5 
8.1 
8.0 
10.1 
16.2 
17.0 
17.9 
19.4 
20.3 
22.0 
16,060 
15, 350 
15,940 
18,630 
17, 870 
17.190 
3.5 
3.8 
4.1 
4.4 
4.3 
5.1 
2,010 
4,800 
8,300 
13,400 
18,200 
24,903 
Form 9.— INVENTORY. 
Sheet No. 15. Date Dec. 31, 1914. Folio 99. 
Called by W. J. Department Groceries. Priced by L. D. 
Entered by J. A. Extended by W. J. 
Examined by B. TV 
Quantity. Item. Price. 
Extension. 
1 50 sks Ph'U'vs Best i.20 
6G 

STATEMENTS AND REPORTS. 
The by-laws of cooperative associations usually 'specify a number 
of reports to be submitted at stated intervals by the officers to the 
board or to the association. Nothing will establish a greater degree 
of confidence than full, accurate, and regular publicity. The rec- 
ords outlined in the following pages satisfy all these requirements, 
if properly kept up. They enable the manager to furnish information 
at a moment's notice on every phase of the business; they contain 
double-entry checks sufficient to insure protection against errors and 
negligence: and, if the instructions are faithfully carried out. there 
is no reason why any reasonable demand on the bookkeeper for mfor- 
