The Balance Sheet Of Agriculture

Download or read book Introduction to Agricultural Accounting written by Barbara M. Wheeling and published by Cengage Learning. This book was released on 2008 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Agricultural Accounting offers an approach for compiling and analyzing accounting information specific to agricultural operations. Unlike typical accounting books, this text addresses the issues and situations unique to the agricultural industry, and offers relevant examples of accounting applied to agricultural operations. The accounting procedures offered build on current practice in agriculture. Cash-basis accounting, prevalent in many farm operations is explained in the text through an accrual-adjusted system. This system provides more accurate information for the measurement of profitability of the farm operation. Figures and tables are presented throughout for easy reference, and to simplify accounting practices. The easy-to-understand approach is appropriate for learners without any accounting background.