What are the types of records?

What are the types of records?

Types of records

• Correspondence records. Correspondence records may be created inside the office or may be received from outside the office.
• Accounting records. The records relating to financial transactions are known as financial records.
• Legal records.
• Personnel records.
• Progress records.
• Miscellaneous records.

What are the two types of farm record keeping?

On the farm, there are two distinct types of records—financial and production. Financial records relate primarily to money or the financial interactions of the farm. Financial records justify or prove farm income or expense transactions.

What are farm records?

Farm records are simply the records of all the activities that take place on the farm within a period say a farming season or year. It can also be defined as all written documents showing major activities going on in the farming business. Uses of farm records.

What types of financial records do farms keep?

Financial statements include the balance sheet, income statement and cash flow statement. The balance sheet shows what the farm owes and what the farms owns and gives an overview of the farm’s financial position at a given time. The income statement shows the expenses and income from one balance sheet to the next.

What are the 4 categories of records?

Types of Records

• I. Administrative Records. Records which pertain to the origin, development, activities, and accomplishments of the agency.
• II. Legal Records.
• III. Fiscal Records.
• IV. Historical Records.
• V. Research Records.
• VI. Electronic Records.

What are common records?

Common Records means, exclusive of the Rabon Records, all Records in possession of the Seller, to the extent that such Records relate, directly or indirectly, in whole or in part, to the Business, the Purchased Assets of the Assumed Liabilities and shall include historical financial and tax records related to the prior …

What is farm records and keeping?

Farm record is a document meant to keep details of every event within the farm; procurements details, cost and revenue, sales records, and other events that need to be captured in simple farm records for the sake of making productive decisions. The importance of record keeping in agriculture cannot be overemphasized.

What are the types of business records?

Record types include: Credit records, Debtors records, Production records, Cash book, Purchases records, Stock records and Assets records. As the business becomes more sophisticated it will be necessary to hire a knowledgeable book keeper or accountant.

What are the important of farm records?

Farm records provide figures for farm planning and budgeting. A farmer making plans to modify any farming activities needs to know what yields can be expected from crops and livestock and what costs and receipts are likely to be received. Farm records tell a farmer how much is being earned.

What is daily farm records?

Daily Farm Records. These are the records of all important daily activities and events that happen on the farm. These records help the farmer keep track of past farming activities and plan for future activities.

What are miscellaneous records?

Miscellaneous Record means any document, correspondence, form, report, message or recorded information regardless of physical form or characteristics created, sent organized or received by the Case Manager in the course of Case Management services provided to the Client, including but not limited to paper documents.

What are examples of records?

Examples include documents, books, paper, electronic records, photographs, videos, sound recordings, databases, and other data compilations that are used for multiple purposes, or other material, regardless of physical form or characteristics.

What are Farm Records?

Farm records are written account of work expenses and income in farming enterprises. Farm diary: This is a records of day to day records of everything that happens in a farm. Farm inventory: A record of all asset owned by the farmers and the cash values of the item e.g land, equipment, crops in the farm and in storage.

What is a good farm inventory record book?

Farm inventory record shows all the equipment and their value also the current state of the equipment, the record is usually taken at the beginning and end of the production year. A good farm inventory record book can assist farmers to get a bank loan. #5. Yield and Production Record

What are production records used for in agriculture?

Production records Production records are used to document everything that is produced on the farm. These records are prepared every week. And then summed up at the end of the month and also at the end of the year. Thus, there is a weekly record, a monthly record, and an annual record of everything produced on the farm.

How do farmers keep track of the production of crops?

These records are prepared every week. And then summed up at the end of the month and also at the end of the year. Thus, there is a weekly record, a monthly record, and an annual record of everything produced on the farm. They help the farmer to keep track of how well the farm is doing.