═══════╤════════╤══════════╤═══════╤══════╤═════════════ DATE │RECEIPTS│DELIVERIES│Balance│ Time │ QUANTITY │ │ │ │ │ STORED FOR │ │ │ │ │ ONE DAY ────┬──┼────────┼──────────┼───────┼──────┼───────────── Nov.│15│600 cs. │ │600 cs.│15 da.│ 9,000 cs. Nov.│30│200 " │ │800 " │10 da.│ 8,000 " Dec.│10│ │100 cs. │700 " │27 da.│ 17,900 " Jan.│ 6│ │300 " │400 " │39 da.│ 15,600 " Feb.│14│ │200 " │200 " │10 da.│ 2,000 " Feb.│24│ │200 " │000 " │ │ ────┼──┼────────┼──────────┼───────┼──────┼───────────── │ │800 │800 │ │ │30)52,500 Average for 1 mo.│ 1,750 1,750 cs. @ 10¢ $175.00 (Amt. of charges) SPECIAL RECORDS REQUIRED =60.= One of the most important records required is a storage record showing receipts and deliveries. A special form is necessary and should be adapted to the requirements of the particular class of storage business in which it is to be used. The form illustrated is typical in that it provides for a record of storage of any class of goods handled in packages. The storage charges are always shown so that a statement of the account can be made at any time. At the end of each month the storage charges extended during the month are debited, through the journal, to the personal accounts of the owners. The total of all such storage charges is credited to a _storage account_ in the general ledger. When there are frequent receipts and deliveries, the owner should be given a detailed statement showing all changes in quantities and storage charges. Such a statement should be a transcript of the storage record. The form illustrated answers the requirements of simple storage. [Illustration: Storage Record ] [Illustration: Statement of Storage Charges ] [Illustration: BIRD'S-EYE VIEW OF THE PLANT OF SWIFT & COMPANY, CHICAGO, ILL. ] SINGLE ENTRY BOOKKEEPING COMPARATIVE STATEMENTS[3] SINGLE ENTRY BOOKKEEPING =1.= To this point all of the discussions in this work have related to the double entry system of bookkeeping, and all demonstrations have been carried out according to that system. The reason for this is that double entry is the best and the only satisfactory method of bookkeeping; it is the only method that fulfils the important function of bookkeeping by furnishing a true record of the results of all business transactions. Footnote 3: _Copyright, 1909, by American School of Correspondence._