Agricultural business is not different than any other business. All Agricultural based companies are required to submit Agricultural Financial Statement Form. This form is required to be prepared every year. The most important external users of agricultural financial statement information are the lenders. Theses statements have to be prepared by the non profit agricultural businesses.
The form needs to consist of all assets, liabilities, revenue, expenses, working capital and other financial resources. The form should reflect the true financial condition of the agricultural business. These statements communicate financial measures and ratios that can be used to assess the profitability and financial health of the business. There should not be any discrepancy by even small amounts in any of the statements. The method to be followed while preparing the statement form should be consistent every year. The example of sample Agricultural Financial Statement Form is given below.
You can download the sample Agricultural Financial Statement template available online in MS Excel format. This format allows you to edit, customize and print as required.
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