Get premium membership and access questions with answers, video lessons as well as revision papers.
SHORT TERM
- A credit for seasonal purchases of seed, fertilizers, chemicals, livestock feeds, fuel, etc
- Usually repaid within one year.
MEDIUM TERM.
- Used for the purpose of minor land improvement e.g fencing and purchase of machinery
- Repaid in 2-5 years
LONG TERM
- Used for long lasting projects like land purchase, and major improvement within the farm e.g soil conservation and irrigation.
- Repaid in 6-15 or more years.
Kavungya answered the question on March 28, 2019 at 05:40
- State the uses of the following financial documents
i) Invoices
ii) Receipts
iii) Delivery notes
iv) Purchase order(Solved)
State the uses of the following financial documents
i) Invoices
ii) Receipts
iii) Delivery notes
iv) Purchase order
Date posted: March 28, 2019. Answers (1)
- What are the uses of the following financial books?
i) Ledger
ii) Journal
iii) Inventory
iv) Cash book(Solved)
What are the uses of the following financial books?
i) Ledger
ii) Journal
iii) Inventory
iv) Cash book
Date posted: March 28, 2019. Answers (1)
- List the financial statements which are usually prepared on a farm.(Solved)
List the financial statements which are usually prepared on a farm.
Date posted: March 28, 2019. Answers (1)
- What is opening valuation in profit and loss account?(Solved)
What is opening valuation in profit and loss account?
Date posted: March 28, 2019. Answers (1)
- Name the various columns that should be shown in a cash analysis(Solved)
Name the various columns that should be shown in a cash analysis
Date posted: March 28, 2019. Answers (1)
- What is a statement in financial accounts?(Solved)
What is a statement in financial accounts?
Date posted: March 28, 2019. Answers (1)
- Explain the meaning of solvent and insolvent in a farming situation(Solved)
Explain the meaning of solvent and insolvent in a farming situation
Date posted: March 28, 2019. Answers (1)
- State the factors which affect price of goods(Solved)
State the factors which affect price of goods
Date posted: March 28, 2019. Answers (1)
- What is equilibrium price?(Solved)
What is equilibrium price?
Date posted: March 28, 2019. Answers (1)
- Outline the procedure of forming a cooperative society(Solved)
Outline the procedure of forming a cooperative society
Date posted: March 28, 2019. Answers (1)
- What is a cooperative society?(Solved)
What is a cooperative society?
Date posted: March 28, 2019. Answers (1)
- State the functions of statutory boards(Solved)
State the functions of statutory boards
Date posted: March 28, 2019. Answers (1)
- What is a statutory board?(Solved)
What is a statutory board?
Date posted: March 28, 2019. Answers (1)
- State the functions of each of the following farmers organisations
i) Kenya farmers National Union (KNFU)
ii)Agricultural society of Kenya (ASK)
iii) 4 – K CLUBS
iv) Young farmers...(Solved)
State the functions of each of the following farmers organisations
i) Kenya farmers National Union (KNFU)
ii)Agricultural society of Kenya (ASK)
iii) 4 – K CLUBS
iv) Young farmers Clubs (YFC)
Date posted: March 28, 2019. Answers (1)
- What is optimal temperature?(Solved)
What is optimal temperature?
Date posted: March 28, 2019. Answers (1)
- List the ecological factors affecting agriculture.(Solved)
List the ecological factors affecting agriculture.
Date posted: March 28, 2019. Answers (1)
- State the advantages of plantation farming(Solved)
State the advantages of plantation farming
Date posted: March 28, 2019. Answers (1)
- State the common features of ranching as a farming system:(Solved)
State the common features of ranching as a farming system:
Date posted: March 28, 2019. Answers (1)
- Why does the Kenya government put a lot of emphasis on ranching?(Solved)
Why does the Kenya government put a lot of emphasis on ranching?
Date posted: March 28, 2019. Answers (1)
- Give the types of farming practised by small scale farmers(Solved)
Give the types of farming practised by small scale farmers
Date posted: March 28, 2019. Answers (1)