After reading this article you will learn about the valuation of assets and liabilities a farm. Valuation of Assets: 1. Plant and Machinery: In case of agri-business activities processing is an important function for which plants and machinery are installed. The valuation of these assets should be done by an engineer who checks the cost and additions and alternations, expenditures [...]
This article will help you to maintain cost accounting records for your farm business. Meaning of Cost Accounting: In any business where production of goods, services, or processing of raw material is undertaken the maintenance of the cost of production is very crucial. In the field of crop production working out of the cost of production (cost of cultivation plus [...]
This article throws light upon the seven main factors which affect farm income. The factors are:- 1. Size of Farm 2. Rate of Production 3. Choice and Combination of Enterprises 4. Intensity of Cultivation 5. Labour Efficiency 6. Input Output Ratio 7. Capital Efficiency. Factor # 1. Size of Farm: There are two main sources which contribute to farm income, [...]