Write short notes on the following:
a. Farm budget
b. Accounting convention for farm investment analysis c. Investment and operating expenditure
c. Investment and oprating expenditure
d. Balance sheet.
a. Farm Budgeting is the process of estimating costs, returns and net profit on a farm and involves managerial principles of input and output in relation to the production.
b. An accounting convention consists of the guidelines that arise from the practical application of accounting principles. It is not a legally binding practice; rather, it is a generally accepted convention based on customs and designed to help accountants overcome practical problems that arise out of the preparation of financial statements. If an oversight organization, such as the Securities and Exchange Commission (SEC) or the Financial Accounting Standards Board (FASB) sets forth a guideline that addresses the same topic as the accounting convention, the accounting convention is longer applicable.Conventions are used to provide guidelines around the basic rules of accounting. The historical cost convention requires all transactions to be recorded at the original cost. Adjustments to line items are not made for inflation or market value.
The accounting period convention breaks time into periods such as weeks, months, quarters and years. These periods help to report on how the company is performing on
________ _______ __________ __________ ____ _______ _________.
______ _______ _________ ________ ____ __________ __________ _______ __________ ______ ________ _________.
_________ _________ _______ _____ ____ _____.
______ ______ ____ ____ ___ ___ ______ _________.
__________ ______ __________ ___ ________ _______.
_______ ____ _________ _____ ____.
____ ________ __________ _______ ___ ____ ______ _____ __________ ____ ______.
_______ _______ __________ ___ ___ ________ __________ __________.
___ ________ _____ ____ ________ _____ _____ _____ ___ ____.
_____ ______ ________ ____ _________ ______ ____ ___ _________ _______ _______ ___.
__________ _______ _____ ____ __________ _________ ___ __________ _______.
___ ________ ___ _______ ______ __________ _________ _______ __________ ______ _________ __________.
________ _____ _______ ______ _________ ___ _____ __________ _________ ________ ____.
_____ ______ __________ ____ ___ ________ _____ ______ ____ ______ ___ _______.
____ ______ __________ __________ ______ ____ __________ _____ ______ _______.
_______ ______ _______ __________ _____ _________ ______ __________ __________ __________.
_______ ____ _____ _______ _____.
_____ __________ ______ ___ ______ ________ __________ ____ ____ ________ __________ ______.
____ ___ ______ _______ ______ _______.
___ _______ _________ ________ _____ ____ _________ ____.
_______ ________ _______ ____ ___ _____ _________ ________ _________ ___ ___.
____ ______ ______ ______ ___.
______ ______ ___ ______ ____ ________.
_____ __________ _____ _______ ______ ____ ____ ____ ________ __________ ________.
____ _____ ________ _________ _____.
_____ ________ ______ _______ __________ _________.
_________ ___ _____ _____ ____ ___ _____ _____ ________ _____ _______.
__________ _____ ___ ______ ________ _________ ______ ___ ____ ______ ____.
________ ___ ______ ________ _______ _____.
________ ________ ____ __________ ________ ____ _____ _______ ______ ______ ___ __________.
_____ ____ _____ ___ ______ _________ ________.
_______ ____ _________ ________ _____ _____ __________ ____ ___ ________.
___ _______ ____ ______ _________ ______ ________ __________ ________ ____ _____.
________ _______ __________ ___ ________ _______ _______ _______ ______ _____ ____ ____.
________ ____ ________ __________ ____ _____ ______ _________ ____.
______ _______ _____ _________ _______ _______ _______ ____ _____.
________ ___ _______ __________ ___ ___ ______ _____ ________.
_____ _______ _________ _________ _______ __________ _____ __________ ______ ____ _____ ___.
________ ___ _________ _______ __________ _______ ________ ___ _________ _______ _____.
__________ ___ ____ _______ ________ _____ ___.
______ _________ _____ __________ ______ ___ ____ _________.
_____ ______ ________ ________ _______ _____.
______ ____ ___ _____ _____ __________ __________ ____.
_________ __________ _______ __________ __________ _________ ______ ___ ________ ____ ___ ___.
_____ __________ ________ ___ _____ __________ __________ ________ _________ ____.
_____ _______ _________ ______ _________ ____ ___ ____ ______.
________ ______ _______ ________ ____ ______ ___.
_________ ______ _____ ______ ____ __________ ____ ___ _____ _____ ___.
_____ ________ ______ _____ _______ ___ ______ _____.
____.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
✓ Unlock up to 60% of the answer
✓ No payment required