Overview
Explain what farm records are State the importance of farm records in agriculture List and explain the types of farm records Describe the computer aided farm records and its benefits State what book keeping mean Identify source documents Prepare journal from source document
What you'll learn
- Definition of Farm records
- Use of farm records: - to monitor the progress of the business
- Types and uses of farm records:
- - farm diary
- - farm inventory
- - Input records
- - Production records
- - consumption records
- - sales records
- - profit and loss account
- Computer Aided Farm records and its benefit
- Definition of Book keeping:
- - keeping account of financial activity of enterprise
- Source documents:
- - Sales invoice
- - Purchase invoice
- - Returns inwards
- - Returns outwards
- Journal preparation:
- - Sales journal
- -Purchase journal etc