The records that determines the lost of different crops grown on the farm during the whole year with an annual profitability of the farm is farm income statement.
<h3>What is cash flow statement ?</h3>
Others are:
The Farm Sales is known to be used to record all sales in rice production.
The kinds of farms sales records are:
Daily farm records.
Records of farm implements and tools.
Record of agricultural inputs/assets, etc,
Cash flow statement is known to be the records that shows flows of sales intake and out of any enterprise. In terms of farming one can say farm Diary record.