Page 309 - Agriculture_Form_Three

Agriculture for Secondary Schools

(ii) Income b/f stands for income amount that was brought forward from last
month and is usually the opening income amount of the next month.

For example, if TZS 100,000 is closing income amount or income amount carried
forward at 31/03/2021, then in the next month, on 01/04/2021, the income b/f amount
(or opening income amount) would be TZS 100,000.
Expenditure record book
This is the book used in keeping all purchases and expenses. It shows the purchase
and expense transactions of the farm in a summarised form. Therefore, all entries
related to purchases and expenses made by cash contained in journal are entered in
this book. Likewise, the purchases and expenses made through bank or other means
such as mobile money contained in journal are also entered in this book. A farmer
may have a single expenditure record book for recording purchases and expenses
made in all farm enterprises which is known as a general expenditure record book.
Otherwise, the farmer may keep several expenditure record books separately for
each farm enterprise. However, to simplify analysis and later evaluation of individual
enterprises, it is better to keep this record for each enterprise separately. Figure 13.9
shows a sample template of a page of expenditure record book/account filled in
some parts as an example.

Expenditure record Book
Enterprise:
Size of enterprise: (record land size in ha for crops or number of animals in a herd
for livestock)
Season: (more important for crops)
Date Particulars Unit Quantity Price Amount Cumulative
measure per unit (TZS) amount
(TZS) (TZS)
01/02/2021 Expenditures
b/f
05/02/2021 Weeding Workers 8 5,000 40,000 40,000
07/02/2021 Pesticide kg 2 55,000 110,000 150,000
14/02/2021 Foliar litres 2 40,000 80,000 230,000
fertiliser
.
.
.
29/02/2021 Expenditures
c/f
Figure 13.9: Sample template of an expenditure record

Student’s Book Form Three
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