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The document below was obtained from one of the books of accounts in kimko’s farm. Study the document and answer the questions that follow.

      

The document below was obtained from one of the books of accounts in kimko’s farm. Study the document and answer the questions that follow.

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a) Identify the book from which the above document was obtained

b) State four importance of keeping proper farm account records

  

Answers


Martin
a) ledger book

b)

(i) helps to manage income and expenditure

(ii) helps to know which enterprises are financially worth while

(iii) help in working out the value of the farm

(iv) important when seeking credit facilities

(v) help in comparison of farm enterprises

(vi) help in proper planning of the farm.

marto answered the question on September 12, 2019 at 11:17


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