H. C. TAYLOR, Chief 
Washington, D. C. Vv November 9, 1921 
A SYSTEM OF ACCOUNTING FOR COTTON 
GINNERIES.’ 
By 
A. V. Swartnourt, Investigator in Market Business Practice, 
and 
J. A. Bexenn, Formerly Assistant in Market Business Practice, now Dean, School of 
Commerce, Oregon Agricuitural College, Corvallis, Oreg. 
CONTENTS. 
INTRODUCTION: Page. 
WiHOMCAM IS LHCISV SECIS Jeera ees cee EF sae eS ee oes cS ER CE eae eh CE ae er 1 
EVESIDIUSK Ole TSIM GUD Ne SV SUOIN Se alee arsine sinia te alotale ne see ier Be a See ge ep ae ae 2 
Part I—REPORTS THE MANAGER NEEDS: 
WAlanceSheeh ssa Ais Sat); SESE Oe ET ES AES EN Ne ee gy. BP deen ea kee 3 
incomeandiexpensestatements ea ets oe eee te AO i is ee le ee ke 5 
SHIT IME ays Ol OD CRAUIOUS Mee setae mee citric et nae ria soles ey Sime ue carte 8 otic eater CoRR LMNs Mpo nN paket neat 7 
Cosh ana income ANAM VSS. S44 EEE eee Pg EES eee eee Eee Se Oe say eee eS 7 
Part II—THE RECORDS: 
ROUEET VETOLIMISTUOMUISE meee ae ere eee eon crcc yn Aia ae aN arene ee gal ae capac a, ae MN stn es Cte ee Mea aa 8 
Description and use of forms. .....- PEAR SOE SOLOS 4 RIES A es SOT ee ee, te kh a te 8 
PERO WERT CISIV SUC RTA W OL K:S beeps eta er get Neri sien way apogee Ve Se My as vs aes Manne ea Me) eden caln sc eat ay NL 14 
APPENDIX: 
How to keep the necessary accounts, close the books at the end of the year, prepare the annual 
PETES CG are eam ees evteme ar ies Se Boletos aes eee rae Sil oa ens 19 
WHO CAN USE THE SYSTEM. 
The system of accounting described in this bulletin will meet the 
needs of cotton ginneries generally as they are operated in the cotton 
belt of the United States. However, especial attention has been 
given to the needs of custom ginneries, and no effort has been made 
to consider the problems of ginneries on private plantations. Since 
the latter do comparatively little work for the general public, they 
were not included in the investigation, although there is little question 
that they would find this system of accounting helpful. 
With no previous knowledge of bookkeeping whatever, practically 
anyone can keep the records and accounts described in this bulletin. 
1 The authors desire to make acknowledgment to Dr. Lewis H. Haney for helpful suggestions and for 
reading and criticism of the manuscript of this bulletin. 
55231°—21—Bull. 985——1 
