Records of money transactions in a farming business are termed

Assessment: JAMB UTME - Agricultural Science - 2021 Subject: Agricultural Science

Question 1 Report

Records of money transactions in a farming business are termed
Answer Details
Records of money transactions in a farming business are called farm accounts. Farm accounts refer to the records of all financial transactions in a farming business, including income, expenses, and other financial activities. These records are used to track the financial performance of the farm and to make informed decisions about future investments, expenses, and other financial matters. Farm inputs refer to the materials, equipment, and supplies that are used in the production of crops or livestock. Capital refers to the financial resources available to a farm, including savings, investments, and loans. Farm liabilities are debts or obligations that a farm owes to others, such as loans, bills, and other financial obligations. So, the answer to the question is farm accounts.

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