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Name
Do all questions
3. John is a farmer. He has 2 workers on his farm which TWO records could this information
be kept.
A. Labour and income
B. Labour and production
C. labour and expenses
D. Income and inventory
5. Farmer Brown sold 500lbs of beef at $300 per lbs. Under what record should this
information be kept?
A. Production and income
B. Expenses and inventory
C. Labour and production
D. Income and labour
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7. Define the term record keeping.
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Scenario
Farmer Clayton has a mixed farm. He has 700 goats, 900 pigs, 2000 chicken, 1500 cattle. He
also has a plot with 3000 cabbage, 3000 sweet pepper plants and 5000 tomatoes plants. He
has 2 tractors, 2 weed wackers, 8 machetes, 5 hoes and 3 spades.
Yesterday he bought 3 wheelbarrows for $10,000 each and 3 pickaxes for $3000 each. He
also sold 3000lbs of beef @ $450 per lbs and 10,000 lbs of cabbage @ $120 per lbs.
He also employs 4 persons full time on the farm and pay them $12000 per week.
Create the following farm records for farmer Clayton- labour, production, income, inventory
and expenditure
State if Farmer Clayton made a profit or loss
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