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Agriculture Pp1 Ms
Agriculture Pp1 Ms
SECTION B
17. Partial budget for the farmer.
Debit Credit
Extra costs ( dairy goat) Extra revenue ( dairy goat)
5 dairy x 2000/= = 10,000 Sale of milk goat 20,000/=
Pays milk man = 3,000 Sale of manure 1,000/=
Control disease = 1,500
Fencing = 1,500
16,000/= 21,000/=
LIABILITIES ASSETS
Current liabilities Current assets
Bank overdraft 40,000/= Cash at bank 50,000/=
Debt payable 26,100/= Cash at hand 5,000
Grain in store 80,000/=
Debt receivable 12,000/=
Layers 30,000/=
Dairy cattle 150,000/=