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What is farm in simple words?

an area of land, together with a house and buildings, used for growing crops and/or keeping animals as a business: a dairy farm. farm animals.

How do you describe farm?

A farm is an area of land where livestock (animals) are raised and crops (plants) are grown for use as food, fiber, and fuel. The people who own and work on the farm are called farmers. A farm usually has buildings where equipment such as tractors and supplies are stored.

What words describe farm?

Adjective Words to Describe Farm WordSentence or PhraserespectableIf you want farm life, why don't you rent a respectable farmdesolateThey would hurry over to the desolate farm to see how people workwretchedI crossed the dreary mud flat, passed the same old wretched farms15 more rows

What is farm and examples?

The definition of a farm is a place where crops are grown or animals are raised, or a piece of land leased by the government to earn tax money. An example of a farm is a place where dairy cows are raised. An example of a farm is a place where baby fish are raised; a fish farm.

How do you prepare an income statement?

How to prepare an income statement Step 1: Print the Trial Balance. ... Step 2: Determine the Revenue Amount. ... Step 3: Determine the Cost of Goods Sold Amount. ... Step 4: Calculate the Gross Margin. ... Step 5: Determine Operating Expenses. ... Step 6: Calculate Income. ... Step 7: Calculate the Income Tax. ... Step 8: Calculate Net Income.

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What is a farm statement?

A farm income statement (sometimes called a profit and loss statement) is a summary of income and expenses that occurred during a specified accounting period, usually the calendar year for farmers. It is a measure of input and output in dollar values.

What are considered farm expenses?

Examples include gasoline, oil, fuel, water, rent, electricity, telephone, automobile upkeep, repairs, insurance, interest and taxes. Farmers must allocate these expenses between their business and personal parts. Generally, the personal part of these expenses is not deductible.

What is a farm answer?

A farm (also called an agricultural holding) is an area of land that is devoted primarily to agricultural processes with the primary objective of producing food and other crops; it is the basic facility in food production.

What is farm in simple words?

an area of land, together with a house and buildings, used for growing crops and/or keeping animals as a business: a dairy farm. farm animals.

How would you describe work on the farm?

General farm workers plant, cultivate and harvest crops, raise livestock and poultry and maintain and repair farm equipment and buildings. General farm workers perform some or all of the following duties: Plant, fertilize, cultivate, spray, irrigate and harvest crops. Feed and tend livestock and poultry.

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