Definition of book keeping and examples of book kept for accounts
Agricultural Science JSS 3 Second Term
WEEK 5
Definition of bookkeeping and examples of book kept for accounts
Performance Objectives
1. State the meaning of bookkeeping.
2. Give examples of books of account.
Content
Meaning of bookkeeping in agriculture
Book-keeping is the systematic recording of financial transactions on a daily basis in the appropriate books, for easy determination of profits and losses in agricultural business. Simply, book-keeping refers to the keeping of account of financial activity of an enterprise.
Importance of bookkeeping in agriculture
Every business organization keeps daily records of their financial transactions. Therefore, the importance of bookkeeping becomes necessary for the following reasons:
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- Definition of farm records and uses of farm records
- Types and uses of different farm records I
- Types and uses of farm records II
- Computer aided farm records and its benefits
- Definition of book keeping and examples of book kept for accounts
- Agricultural Science JSS3 Second Term Mid-Term Assessment
- Test
- Source documents for journals
- Journal preparation
- Meaning of stock exchange and people involved in stock exchange
- Primary roles of those involved in stock exchange
- Importance of stock exchange in agriculture
- Agricultural Science JSS3 Second Term Final Assessment
- Test
- Chapters 12
- Category JSS3
- Author ClassNotes Edu
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