A farm record of Alhaji Makun Turkey farm transactions for the year 2020. Use it to answer questions 53 and 54
Expenses
(#)
Receipts
(#)
Layers mash
1000.00
manure
500.00
vaccine
500.00
eggs
4000.00
fuel
500.00
Culled layers
2000.00
water
200.00
labour
300.00
Income
4000.00
6500.00
6500.00
The table illustrates
A.
balance sheet statement
B.
cash analysis account
C.
farm income statement
D.
profit and loss account
E.
purchase account
Answer: C
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