Page 313 - Agriculture_Form_Three

Agriculture for Secondary Schools

Loans record
This record shows the name of lender, date of loan, purpose of loan, loan amount
received, interest rate, total amount to be returned to lender and final repayment
date. This record is important to help a farmer to manage loan and repayment. Figure
13.14 shows the sample template of loan record.

Loan record book
Name of the lender:
Date of loan:
Purpose of loan:
Loan amount received (TZS):
Interest rate:
Total amount to return to lender:
Final repayment date:

Date Amount paid (TZS) Amount paid so far (TZS) Amount not yet paid
(TZS)

Figure 13.14: Sample template of loan record

Note: You may need to have tax payable record if it applies to your farm business.

Activity 13.11
1. Pay a group visit to your school or nearby farm’s office to learn about farm
accounting.
(a) Identify types of financial accounts kept in the farm.
(b) Find out how each identified account is kept.

Activity 13.12
Write a summary of what you have learnt from this chapter in your portfolio.

Exercise 13.2
Answer the following questions:
1. (a) List eight financial record books kept by farmers.
(b) For each of the books listed in question 1(a), briefly, state its use on the
farming business.

Student’s Book Form Three
302

10/01/2025 12:32
AGRICULTURE FORM 3 9.11.2022.indd 302
AGRICULTURE FORM 3 9.11.2022.indd 302 10/01/2025 12:32