CALCULATING NET FARM INCOME
There are two methods for calculating net farm income. Cash Accounting or Accrual Accounting. It is important to understand the differences and how to calculate both. Build the following equations by filling in the blanks with the appropriate phrases. DO NOT USE NUMBERS!
Print out this sheet.
Use the following terms for calculating net farm income. Each column is an equation.
Submit this page for a grade by mailing to:
- Karen Harlan
- PO Box 1475
- Seagraves, TX 79359