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WAEC Agricultural Science 2018 Question 49

Question 49

Farm Management and Records

Which of the following farm documents is usually prepared at the end of the year?

  1. A.Farm budget
  2. B.Labour record
  3. C.Farm inventory
  4. D.Profit and loss account
Show the answer and explanation

Answer: D (Profit and loss account)

Explanation

The profit and loss account sums up the year's income and expenses.