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Agriculture Accounting In India

Author

Listed:
  • K Nandan

    (Kuvempu University)

Abstract

India is an Agriculture based country where 50% of the population is based on agriculture. Agriculture is a main source of income to the Government. Agriculture accounting is very useful for agriculturist which helps them to know the income and expenses by agriculture activity. Therefore, a standard is introduced to provide a guidelines for agriculture Accounting called Ind AS41.Standaerd specifies the reorganization and measurement of Agriculture Assets, Gains and losses, Government subsides. It helps the agriculturist to avoid the unnecessary expenses and better utilization of available recourses.

Suggested Citation

  • K Nandan, 2020. "Agriculture Accounting In India," Shanlax International Journal of Economics, Shanlax Journals, vol. 8(3), pages 110-113, June.
    • Handle: RePEc:acg:journl:v:8:y:2020:i:3:p:110-113
    DOI: 10.34293/economics.v8i3.2431
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    References listed on IDEAS

    as
    1. Schnitkey, Gary D. & Sonka, Steven T., 1986. "Systems Design Procedures For Farm Accounting," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(2), pages 1-7, December.
    2. Gary D. Schnitkey & Marvin T. Batte & Eugene Jones, 1991. "Farm Accounting Systems and Information Usage," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 13(1), pages 109-117.
    Full references (including those not matched with items on IDEAS)

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