FARM RECORDS AND ACCOUNTS

Compiling information on daily agricultural operations that concern all physical quantities and financial elements of all activities undertaken in a farm provides the story/history of the farm business. By chronologically listing all actions taken at every stage of the production process Physical, financial and electronic records have become invaluable in ensuring enhanced decisions and success of farm operations. This hand book introduces a simple approach to preparing physical and financial records for the farm. The exposition is in four modules. Module one shows the preparation of physical records on farms; module two shows the basics of financial records; module three explains the preparation of financial records accounting equation, and module four shows useful farm record analyses.