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This is the organization of the farm and all the enterprises in relation to each other.
Kavungya answered the question on April 25, 2019 at 06:15
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- Milk sales...(Solved)
The transaction below shows Mrs.Odhiambo’s financial position in farm business for the year 1997. Use this information to answer the question that follow:
- Milk sales - sh 8,000.00
- Purchase of farm tools - sh 1,000.00
- Sales of goats - sh 500.00
- Construction of zero grazing unit- sh 10,000.00
- Closing valuation - sh 16,000.00
- Depreciation of machinery - sh 800.00
- Interest payable - sh 750.00
- Purchase of pesticides - sh 300.00
- Veterinary bills - sh 400.00
- Sales of cabbage - sh 750.00
- Wages - sh 4800.00
- Sales of one heifer - sh 9400.00
- Opening valuation - sh12,000.00
- Tea sales - sh 4,700.00
i) Prepare the profit and loss account of Mrs.Odhiambo’s farm.
ii) What percentage profit or loss did Mrs. Odhiambo make during the year 1997.
Date posted: April 23, 2019. Answers (1)
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