Overview
State the importance of farm records and account. State important types of farm records. Develop a farm record. To design important farm records. State the meaning of farm accounts. Draw up a farm account e.g. preparation of profit and loss account.
What you'll learn
- Importance of farm records.
- -Performance evaluation of farms.
- -Farm management decisions. Etc.
- Types of farm records.
- Inventory Records.
- Production records
- Income and Expenditure Records.
- Supplementary or special records.
- Design farm records.
- Farm Accounts:
- I. Expenditure
- Account ( purchases account).
- ii.) Income/sales Account.
- iii). Profit & Loss account.
- iv). Balance sheet.