Bookkeeping and Cost Accounting for the Farm (Classic Reprint)

The aim of this problem is instruction in the essential features of a general bookkeeping and cost keeping system for the farm. It is thought that the record plan is simple enough and comprehensive enough to be mastered for practical purposes by many, after writing about forty illustrative entries, model forms, and explanations accompanying them. In order to be assured of correct costs, a certain program of entry must be followed, otherwise some important item may be overlooked or some obscure item may not be seen. It is necessary to have a system, and system implies an orderly arrangement of details. One cannot simplify bookkeeping by ignoring troublesome items unless he is satisfied with uncertain results. This problem has been made as easy as possible for the conscientious student to master. The main purpose, however, is a record plan that is not only easy to learn, but easy to operate in actual use. Speedy record and satisfactory reference involve the use of some special forms with which the student is asked to accustom himself as he proceeds. The main books are a cash journal and a ledger. These are supplemented by several pocket record forms illustrated through the problem of this pamphlet. The bank check book has attention. The writer of this problem has availed himself of the suggestions and comments contained in communications with farm managers and instructors, many of whom have made use of his former course entitled Farm A ccounting, copyrighted in 1911. Since that time the development of the double-double entry principle in accounting has smoothed the rough edges of bookkeeping for businesses of great diversity of operation, among which farming is foremost. Hence bookkeeping is now easier to learn and easier to use than was thought possible ten years ago. The student who will take time to thoroughly master the points which may seem novel to him w
(Typographical errors above are due to OCR software and don't occur in the book.)