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Agricultural Science 2023 Past Questions

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6

a. Using the information below, prepare a profit and loss account for Wellness Farms for the year ended 31st December 2016.
-------------------------------------------₦
Opening valuation----------------400,000
Cost of point-of-lay---------------200,000
Cost of feed-------------------------150,000
Cost of drugs-------------------------10,000
Transportation costs---------------10,000
Wages paid to workers-------------80,000
Sale of eggs--------------------------240,000
Sale of spent layers----------------100,000
Eggs consumed by farmer---------10,000
Closing valuation------------------600,000

b. Mention five problems faced by financial institutions in granting credit to crop farmers

c. State four characteristics of Centrosema pubescens

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