Page 310 - Agriculture_Form_Three

Agriculture for Secondary Schools

Note: In farms with advanced accounting, both income and expenditure records are
recorded in one book/account which is known as cash book.
Creditor’s or Lender’s book
A creditor or lender is a person or business that you have borrowed from. Therefore,
the creditor’s record book shows the details related to the amount your business
owes to other people or businesses and the trend of paying the debts. Figure 13.10
shows a sample template of a page of creditor’s record book/account filled in some
parts as an example.

Creditor’s (Lender’s) Book

Name:
Address and Phone contact:
Debt Amount
Date Particulars amount paid Balance Signature Witness
(TZS)
(TZS) (TZS)
02/04/2021 Fungicide 1 kg 65,000 - 65,000
07/04/2021 Fertiliser 50 kg 48,000 - 113,000
bag
14/04/2021 Part payment - 100,000 13,000
on debts
.

.
.

Figure 13.10: Sample template of creditor’s record

Debtor’s or Borrower’s book
A debtor is a person or business that has borrowed from you. Thus, the debtor’s
record book shows the details related to amount your customers owe you and the
trend of paying the debts. It is advisable to set limit of the amount you can sell on
credit to safeguard the operating capital of a farm business. Figure 13.11 shows a
sample template of a page of debtor’s record book/account filled in some parts as
an example.

Student’
Student’s Book Form Twos Book Form Three
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