The records that determines the lost of different crops grown on the farm during the whole year with an annual profitability of the farm is farm income statement.
What is cash flow statement ?
Others are:
- The Farm Sales is known to be used to record all sales in rice production.
The kinds of farms sales records are:
- Daily farm records.
- Records of farm implements and tools.
- Record of agricultural inputs/assets, etc,
Cash flow statement is known to be the records that shows flows of sales intake and out of any enterprise. In terms of farming one can say farm Diary record.
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