JSS 1 Horticulture and Crop Production Flashcards: Bookkeeping and Business Records in Horticulture and Crop Production

Question 1

What is bookkeeping in horticulture?

Accepted Answer

the systematic recording of the enterprise’s financial transactions

Question 2

A source document provides ____.

Accepted Answer

evidence and details of a transaction

Question 3

A receipt proves that ____.

Accepted Answer

payment was made or received

Question 4

An invoice lists goods or services supplied and ____.

Accepted Answer

the amount due

Question 5

A payment voucher supports money ____.

Accepted Answer

paid out by the business

Question 6

A cash book records ____.

Accepted Answer

cash received and paid

Question 7

A sales record shows ____.

Accepted Answer

produce or services sold

Question 8

A purchases record shows ____.

Accepted Answer

inputs or goods bought for the enterprise

Question 9

A production record may include planting date, inputs, labour, and ____.

Accepted Answer

yield

Question 10

A stock record helps track seeds, fertilizer, packaging, and ____.

Accepted Answer

remaining quantities

Question 11

Prompt recording reduces forgotten transactions and ____.

Accepted Answer

errors

Question 12

If vegetable sales are ₦90,000 and expenses ₦58,000, profit is ____.

Accepted Answer

₦32,000

Question 13

Profit is calculated as revenue minus ____.

Accepted Answer

expenses

Question 14

If 40 baskets are harvested and 6 spoil, saleable baskets are ____.

Accepted Answer

34

Question 15

Post-harvest loss records help identify where improvements can ____.

Accepted Answer

reduce waste

Question 16

Which is NOT a benefit of bookkeeping: hiding losses, monitoring cash, planning purchases, or supporting decisions?

Accepted Answer

hiding losses

Question 17

Numbered receipts make transactions easier to ____.

Accepted Answer

trace and verify

Question 18

A spreadsheet can organise entries and ____.

Accepted Answer

calculate totals

Question 19

Records should be backed up to prevent ____.

Accepted Answer

permanent loss

Question 20

Customer and financial records should be accessible only to ____.

Accepted Answer

authorised persons

Strong work.