1.Direction: Write TRUE if the statement is correct and FALSE if the statement is
incorrect. Write your answer on the space before each number
1. Inventory means keeping track of raw materials and finished products in stock
2. In agricultural inventory, those are fertilizers, pesticides, seeds that farmers use in their
production
3. Farm inventory is used in calculating the farm profit.
4.Raw materials used in the farm is included in the inventory.
5. All assets owned by farmers and cash values of items should be included in the farm
inventory.
6. An inventory is a record of all the items in running the farm during the year
7. Inventory is generally categorized as raw materials, work-in-progress, and finished
goods.
8. Physical verification of the quantities and condition of items held in an inventory is
called inventory checking.
9. One source of stock discrepancy is inventory.
10. Proper inventory management is the most important value of a successful farmer.
Answer:
true
true
true
false
false
true
true
false
false
true
Answer:
1.true
2.false
3.true
4.true
5.false
6.false
7.true
8.false
9.false
10. true
Explanation:
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