178 — QUEENSLAND AGRICULTURAL JOURNAL. [1 Mar., 1899. 
of the farm—they should, however, appear in the capital account as shown in 
the specimen form. The foregoing plans and explanations will, it is thought, 
if followed out, be found to furnish a simple plan of accounts based upon 
reliable entries, that will be sufficient for the ordinary farmer to keep track 
of how he stands with regard to his worldly goods and chattels, and enable 
him to know whether, financially, he is solyent or insolvent. Every care has 
been taken in this paper to portray a system clear from the complicated system 
of commercial life. If such be needed, as it would be in a large establishment, 
trained men would be of course necessary for the purpose, but in the scheme 
here set forth the farmer and his family have alone been kept in view. It 
will have been noticed that the specimen accounts provided do not include the 
personal accounts of those with whom the farmer has dealings. Should it be 
thought desirable, it is presumed that separate memoranda of them will be 
kept, and that only the cash paid in settlement will be brought into the farm 
accounts for the year. 
To enable those who wish to supplement the plan before recommended, 
some forms of account are added by which the results of the farm in the 
different branches of live stock and crops may be seen. ‘These forms, it must 
be understood, are quite independent of the monetary accounts of the profit 
and loss account, and of the balance-sheets, which are complete without them. 
The registers, as they may be called, give in detail the profit and loss upon 
each crop or each lot of live stock, as the case may be, subject to the share of 
general expense. 
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 4 
£I\s.id.| £ |s.\d. £I\s.\d.| £ls.\d. 
To Valuations at Ist January. By Receipts, as under— 
Payments as under— Crops—Sales of produce 
Crops—Cultivation, Live stock sold 
threshing, and cartage Dairy and poultry sales 
Live Stock — Purchase, —-|—-|— 
feeding, and care Debts owing to me 
Dairy and Poultry—Pur- Income from other sources 
chase, feeding, and care than above 
Implements—Cost of new 
machinery and tools 
Debts owing by me on 
31st December 
Expenditure for the year 
Balance being profit and Balance being profit or 
ey carried to balance- loss to balance-sheet 
sheet 
N.B.—The balance would appear on the Dr. or Or, side, according to whether the re ceipts 
or expenditure were the greater. 
CAPITAL ACCOUNT. 
Amount of capital as per last balance .. 9... £ 
Deduct— 
Household expenses (see analysis of cash account) 
Loss (if any) from profit and loss account 
Add profit (if any) from profit and loss account 5 £ 
Capital at this date ce i ie ten £ 
