Excerpt from A Classification of Ledger Accounts for Creameries
Income accounts are those through which the. Revenue Of the cem pany is reflected.
Expense a'ccounts are those which reflect. The cost Of conducting the business. It should be remembered that the cost Of conducting the business may not be actually paid in cash during the period in which the expense is incurred.
Index tabs labeled With the above headings will be found convenient in locating the various Ledger accounts.
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Paperback. Zustand: New. Print on Demand. This book is an essential guide for any creamery to implement a denitive and logical classication of accounts for keeping nancial records. This classication provides a uniform method of presenting nancial information that is vital to the success of the creamery industry. In using these uniform methods, creameries can exchange data regarding business operations resulting in maximum efciency and prot. The authors place special emphasis on the importance of independent audits and provide valuable guidance on departmental responsibilities and segregation of account. They cover current assets, xed assets, liabilities, reserves, and net worth income accounts, expense accounts, and more. The authors provide detailed analyses of raw material, operating expenses, administrative and selling expenses, purchases, and appropriation accounts. They include examples of journal entries that will help readers understand the intricate practical uses of the classication system. This classication, developed by the United States Department of Agriculture, sets a standard that will guide creameries toward greater success. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9780260944863_0
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