SECOND TERM EXAMINATION JSS3(Agricultural science)
1. What is the definition of farm records?
a) A diary of events and activities that occurred on the farm
b) A record of financial transactions
c) A list of farm equipment
d) A schedule of farm activities
2. Why are farm records important?
a) To monitor progress of the farm enterprise
b) To provide data for financial analysis
c) To identify strengths and weaknesses of the farm
d) All of the above
3. What type of farm record is used to record key facts and figures of the farm?
a) Farm diary
b) Farm inventory record
c) Input record
d) Production record
4. What is the purpose of a farm inventory record?
a) To record key facts and figures of the farm
b) To record the type and amount of stock on the farm
c) To record input costs
d) To record production levels
5. What type of farm record is used to record input costs?
a) Input record
b) Production record
c) Consumption record
d) Sales record
6. What is the purpose of a production record?
a) To record input costs
b) To record production levels
c) To record sales
d) To record consumption
7. What type of farm record is used to record sales?
a) Sales record
b) Production record
c) Consumption record
d) Input record
8. What is the benefit of using computer-aided farm records?
a) Improved accuracy and usability of data
b) Faster data entry
c) Better quality and yield in the long run
d) All of the above
9. What is bookkeeping?
a) The process of recording financial transactions
b) The process of analyzing financial data
c) The process of interpreting financial data
d) The process of storing financial data
10. What are the two standard methods of bookkeeping?
a) Single entry and double entry system
b) Cash basis and accrual basis
c) Financial accounting and managerial accounting
d) Cost accounting and financial accounting
11. What is the purpose of a cashbook?
a) To record financial transactions
b) To record sales
c) To record production levels
d) To record input costs
12. What is the difference between a receipts daybook and a payments daybook?
a) A receipts daybook records money received, while a payments daybook records money paid out
b) A receipts daybook records money paid out, while a payments daybook records money received
c) A receipts daybook records sales, while a payments daybook records production levels
d) A receipts daybook records input costs, while a payments daybook records consumption
13. What is the purpose of a source document in bookkeeping?
a) To record financial transactions
b) To provide evidence of financial transactions
c) To analyze financial data
d) To interpret financial data
14. What are examples of source documents in bookkeeping?
a) Cashbook, receipts daybook, payments daybook
b) Sales record, production record, consumption record
c) Input record, inventory record, sales record
d) Financial statements, budget, forecast
15. What is the importance of accurate and complete source documents in bookkeeping?
a) To ensure accurate financial statements
b) To ensure complete financial statements
c) To ensure accurate and complete financial statements
d) To ensure timely financial statements
16. What is the purpose of a journal in bookkeeping?
a) To record financial transactions
b) To provide evidence of financial transactions
c) To analyze financial data
d) To interpret financial data
17. What is the difference between a journal and a ledger in bookkeeping?
a) A journal records financial transactions, while a ledger provides evidence of financial transactions
b) A journal provides evidence of financial transactions, while a ledger records financial transactions
c) A journal analyzes financial data, while a ledger interprets financial data
d) A journal interprets financial data,
[Link] are energy-yielding feeds?
a) Feeds that provide protein
b) Feeds that provide fiber
c) Feeds that provide energy
d) Feeds that provide vitamins and minerals
19. What are basal feeds?
a) Feeds that are high in protein
b) Feeds that are high in fiber
c) Feeds that have high amounts of easily digestible carbohydrates
d) Feeds that have low amounts of nutrients
20. What is the purpose of supplement feeds?
a) To provide energy
b) To provide protein
c) To supply a certain nutrient that is not in sufficient amount
d) To provide fiber
SECTION B (Answer all question)
1)What is farm record?
B) explain inventory farm record?
2)State 5 importance farm record
3a)what is farm diary?
b) list 5 Types of Farm record
4)State 5 benefits of computer aided farm Record
Section A Answers
1. a) A diary of events and activities that occurred on the farm
2. d) All of the above
3. a) Farm diary
4. b) To record the type and amount of stock on the farm
5. a) Input record
6. b) To record production levels
7. a) Sales record
8. d) All of the above
9. a) The process of recording financial transactions
10. a) Single entry and double entry system
11. a) To record financial transactions
12. a) A receipts daybook records money received, while a payments daybook records money paid out
13. b) To provide evidence of financial transactions
14. c) Input record, inventory record, sales record
15. c) To ensure accurate and complete financial statements
16. a) To record financial transactions
17. b) A journal provides evidence of financial transactions, while a ledger records financial transactions
18. c) Feeds that provide energy
19. c) Feeds that have high amounts of easily digestible carbohydrates
20. c) To supply a certain nutrient that is not in sufficient amount
