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WAEC Agricultural Science 1996 Question 58

Question 58

Farm Management and Records

Checking on costs and returns enables the farmer to

  1. A.ascertain the immediate financial position of the farm
  2. B.ascertain future financial position of the farm
  3. C.keep farm records
  4. D.plan the organization of a farm annually
  5. E.know when there is excessive depreciation of farm machinery.
Show the answer and explanation

Answer: A (ascertain the immediate financial position of the farm)

Explanation

Comparing costs and returns shows whether the farm is currently making profit or loss.