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Income tax expense.
To Balance...

Total Operating Profit for Year (to surplus earned).

FORM-FARM PROFIT AND LOSS

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Cattle and livestock..
Poultry and eggs..
Miscellaneous.

To Balance..

Total Farm Income Subject to Income Taxes..

Schedule 3

Farm interest on investment.

Farm contingent expense.
Farm income tax expense.
To balance...

Total Farm Operating Profit (to surplus earned)..

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The books, records and forms required for the accounting department are neither numerous nor intricate and will be those usually found in the office of any well regulated manufacturing business.

The system of accounting becomes complicated only in those organizations operating numerous individual plants and still more so in cooperative organizations where an endeavor is made to keep separate

accounts with the various growers' organizations and to segregate the cost of operations to the products packed for each grower's pool.

The accountant and his assistants will keep the cash book, journal, general ledger, accounts receivable ledger, accounts payable ledger, notes receivable and notes payable ledger, sales register, invoice binder and consignment record.

The green fruit accountant will keep the green fruit ledger and all books and records relating to the purchase, shipping and receiving green fruit and affecting the grower's account. The stock clerk will keep the stock books and inventory records.

The cost accountant will keep the labor distribution book, the freight and drayage register, the invoice distribution records, the depreciation record book and all records affecting the costs of operation together with all records of statistics.

The secretary of the corporation, or the accountant, will keep all books and records affecting the issues of capital stock such as the stock subscription book, the subscription ledger, the stock ledger, stock certificate book, the transfer book and the minute book in which records of all meetings of the board of directors, committees and stockholders are kept. Corporation books can always be purchased in standard form. to suit almost any sized corporation and will not be considered in detail

here.

The Cash Book: It is usually better to have the cash book made specially to suit the requirements of the business and a permanent bound book should be used for recording cash transactions. The sheets should be 11 by 14 inches in size. Heading three-fourths inches in which will be printed on the debit side. "Name of Company," "Cash Debit Month of" and "Page No.," and on the credit side "Name of Company," "Cash Credit Month of," and "Page No." Lines will be ruled. across the sheet spaced 1/4-inch apart with every fifth line ruled heavy if desired. The columns on the debit side will be as follows: Column 1, headed "Date," 34-inch, Column 2, "Name," 2 inches; Column 3, "Description," 24 inches; Column 4, "L. F., Acct. No., or Control No.," 34-inch; Column 5, "General Ledger," 1 inch; Column 6, "Green Produce Ledger," 1 inch; column 7, "Accounts Receivable Ledger," 1 inch; Column 8, "Sales Discounts," 1 inch; Column 9, Blank 1 inch; Column 10, Blank, 1 inch; Column 11, "Bank Deposits," 1 inch and binding space 14 inches. Total 14 inches.

The entries on the debit side will be made in accordance with the headings of the columns. The date remittance received in the date. column; the name of party making payment in the name column; a brief description of the account paid in the description column; the ledger folio or the account number, or the control number if a grower's account, will be entered in the L. F. column and the amount entered in the proper ledger column; the amount of cash received affecting general ledger accounts will be entered in the general ledger column; those affecting accounts in the green produce ledger will be entered in the green produce ledger column and those affecting accounts of customers will be entered in the accounts receivable ledger column. Discounts

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