The Importance Of Farm Records And Accounting In Agricultural Production

by

¹ Moses Utegi

²Mrs.E.N. Utegi

¹Agric. Education Department,

College of Education, Katsina-Ala.

²Mathematics Education Department,

College of Education, Katsina-Ala.

Abstract

This article aims at analysing the activities of the farmer on the farm of any type practiced in both physical and monetary terms. The importance of records and account to evaluate the farm performance enterprise, managerial control, budgeting, gains and losses and also to enable bank loans to be obtained if the farmer deems it fit cannot be overemphasized. The article also treated inventory records, production, expenditure and income records and special or supplementary records as it encourages diversification or expansion and success in farm management.