A SYSTEM OF ACCOUNTING FOR COTTON GINNERIES. 7 
SUMMARY OF OPERATIONS. 
A form for presenting a summary. of the ginning operations is 
shown below. It is arranged to present in form convenient for use 
the information relative to the quantity of cotton and cotton seed 
handled. The information is obtained from the ginning register. 
SUMMARY OF OPERATIONS. 
Bale record: 
INGMDerGn Dales eimnmedie ge a Ue ot eeu sien WOR Gee e cca 
Ota elem tronics see sie ee ans se ce eer ue aren hh tn. MANNE ey oo 
Seed cotton handled: 
Netwerant boweht. 2. fio 7 2. okt eg 2a Dose: ee es ep oe 
INGURVWeIOL SOLG Mmreae weenie te on se tare coe Sonanet so IO} asa tant 
Disposition of seed: 
NeW eteya LONGO aC) ese a es les Pe AERC AP OR en Hos ious sere eis 
BRO UES OY 5 papa ean he HG tal rl Oe ea Tm ol a4 Oa GSS NG HIER NA oh 
MWe ol eh te BPE oes Oc Moree ea ee aS RIE Um ORD DLA aa We TS AN oe gS fe 
THE COST AND INCOME ANALYSIS. 
The form for the cost and income analysis is arranged to show in 
summary the cost and income per bale of the ginning operations. 
Columns are provided for exhibiting the cost information of two 
years in such a way that they can easily be compared. This affords 
an excellent check on the efficiency of the business. 
The information for this report is obtained from the income and 
expense statement, and the per bale figure is obtained by dividing 
by the number of bales ginned, except in the case of the item “‘ Less 
cost of ginning purchased seed cotton,’’ where the number of bales 
of such cotton 1s used. 
Comparative cost and income analysis. 
Current year 192— Last year 192— 
Rotvaluumberofibales cinnedws-2 22s eee — 
Bales purchased seed cotton ginned.........2....... —— 
Susiom bakes sinMMed boas sees sos owes eee os ee — 
Per 
bale. Amount. bale. 
FRotal cinminierineomes. waa- 2s - 50 sco oes asa acces 
Ginnine Expense-Operating: 2. eco. soe ak eos 
Ginning Expense-administrative....................-.--. - 
Sinn SEX PeCNSC=lOLAe pos Sars ye yess eeienisnc wie Bara We 
Less cost of ginning purchased seed cotton..............-.- 
Costot customs cinminesae. + S22 es eee oe 
: CUSTOM GINNING NET PROFIT............. 
| IBAr lino an dutiesisOldt ers ek ise Bae ee 
| Bagging and ties cost of-sales.........0:.2.2.0.1.0.-20025- 
| BAGGING AND TIES GROSS PROFIT......... 
oon trading (pross profit). ..5:.-2.-50sic20-.5.ese sess ees 
PEELE THOOUS ECOMLON a). (St. ccs one caso cc camindimnesiecee 
TOTAL NET PROFI'T AS PER INCOME AND 
EXPENSE STATEMENT os ipa. 2oo.k stig. oud 
Pr Bee] ek 
Peas Sei 
_ NotE.—Short dashes (- —) are used to indicate the places where the figures are to be inserted. 
