How to Keep Farm Accounts a Practical book for the Practical Farmer

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In this set the proprietor's account includes his personal account as well, and at the end of the year, he is credited with the salary to which he thinks he is entitled and the net gain. If a partnership, each partner's account would be kept in the same manner — the division of the net gain or net loss 94 HOW TO KEEP FARM ACCOUNTS.
(^/ ^/ )WH^ U^X ^ /^OJ 1 1=^ 1 ~~^ ^y / y%yialh^uWf^ ( ^^t^ruA^i^rx,) f /^Z^ 3/ /^oy ?h4i^ 3/ (iTirTn^cca OTLc^^a^^l^ o (li\ ided pro-rata or as agreed upon whe
...n the agreement or partner- ship was entered into. This account Is debited and credited as follows: DEBIT.
CREDIT.
109. For all the capital he 112. For his net invest- withdraws from the business.
ment at the beginning of busi- 110. For all cash he may ness which is found by deduct- draw or products he takes ing the sum total of his Liabil- from time to time, for his per- ities from the sum total of his sonal use.


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