• FARM ACCOUNTS AND RECORDS
    AGRICULTURAL SCIENCE

    FARM ACCOUNTS AND RECORDS

    MEANING OF FARM ACCOUNTS Farm accounts are statements of money paid out or received for goods and services used in a farming business. Money is received due to sales of farm produce or loans from other sources while money is paid out for purchases of farm produce or settlement of debts. At the end of a given period of time, the farmer should be able to know whether the business is yielding profits or losses.   MEANING OF FARM RECORDS Farm records are written documents, showing major activities going on in the farming business. To enable a farmer to manage his farm very well, he must keep some records.  …

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