1.Why is record keeping important in crop production?
2.Why accuracy important in record keeping?
3.What are the records to be kept to facilitate effective record keeping?
2.Why accuracy important in record keeping?
3.What are the records to be kept to facilitate effective record keeping?
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1.Answer: Farming is a business and good farm record-keeping helps the farmer plan and do realistic forecasting. Record-keeping provides valuable information on which methods work. The farmer can better predict price changes of inputs and produce from expenditures and sales records kept from previous years
2.Answer: Probably the most important reason behind sound record-keeping is that it allows you to learn and grow from your own business experiences. ... In addition, good record keeping will also show you where your business needs improvement or re-invention. Here a few records to keep that will prove invaluable in the future.
3.Answer:
You need good records to prepare accurate financial statements. These include income (profit and loss) statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business.
Keeping good records is vital for any business. Whether that's to help manage your costs, whether it's for legal, regulatory or tax reasons, or simply to help manage and improve your business. Collecting, storing and effectively analysing your data is vital.
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