It is a record of the expenses and income that comes with running a farm. Rent, veterinary bills, machinery repair costs, grain/livestock sales, equipment depreciation, income taxes, labour costs, etc., are all that are recorded in a farm financial record.
You don't actually record a "financial statement" the financial statements are the documents the company uses to record financial transactions, those includeBalance SheetStatement of Owners EquityStatement of Retained EarningsIncome StatementTrial BalancePost Closing Trial BalanceJust to name a few.
Cysdp Krew! <3(;
. Every one should maintain systematic record to access the true and fair value of their financial position or their companies
To keep record of the financial transactions of a business. that is all now go away
true
true
true
true
true
true
A financial statement is a record of the financial activities of a person or business entity where all related financial information are presented in an...
Accounting