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Entries of farm sales and purchases . - SS2 Agriculture Lesson Note

Below are sales and purchases made by for Bernie's Farms within the years 2023 and 2024:

Sales Farm Account:

  1. Date: September 5, 2023 Description: Sale of 100 bags of maize Amount: ₦50,000
  2. Date: October 10, 2023 Description: Sale of 50 crates of eggs Amount: ₦25,000
  3. Date: November 15, 2023 Description: Sale of 200kg of tomatoes Amount: ₦30,000
  4. Date: December 20, 2023 Description: Sale of 10 heads of cattle Amount: ₦150,000
  5. Date: January 5, 2024 Description: Sale of 300 baskets of oranges Amount: ₦60,000
  6. Date: February 10, 2024 Description: Sale of 20 liters of honey Amount: ₦15,000

Purchases Farm Account:

  1. Date: September 8, 2023 Description: Purchase of 500kg of fertilizer Amount: ₦40,000
  2. Date: October 12, 2023 Description: Purchase of 1000kg of chicken feed Amount: ₦15,000
  3. Date: November 18, 2023 Description: Purchase of 50 liters of pesticides Amount: ₦8,000
  4. Date: December 25, 2023 Description: Purchase of 2 plowing machines Amount: ₦120,000
  5. Date: January 8, 2024 Description: Purchase of 1000 seedlings of tomatoes Amount: ₦25,000
  6. Date: February 15, 2024 Description: Purchase of 10 bags of poultry feed Amount: ₦5,000

 

Sales Account and Purchase Account For Bernie's Farms 

Sales Account:

Date

Description

Amount (₦)

2023-09-05

Sale of 100 bags of maize

50,000

2023-10-10

Sale of 50 crates of eggs

25,000

2023-11-15

Sale of 200kg of tomatoes

30,000

2023-12-20

Sale of 10 heads of cattle

150,000

2024-01-05

Sale of 300 baskets of oranges

60,000

2024-02-10

Sale of 20 liters of honey

15,000

Purchase Account:

Date

Description

Amount (₦)

2023-09-08

Purchase of 500kg of fertilizer

40,000

2023-10-12

Purchase of 1000kg of chicken feed

15,000

2023-11-18

Purchase of 50 liters of pesticides

8,000

2023-12-25

Purchase of 2 plowing machines

120,000

2024-01-08

Purchase of 1000 seedlings of tomatoes

25,000

2024-02-15

Purchase of 10 bags of poultry feed

5,000

These tables provide a clear overview of the sales and purchase transactions for Bernie's Farms, including the dates, descriptions, and corresponding amounts.

Recommended: Questions and Answers on Farm Accounts II for SS2 Agriculture
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