Agri PickIndian is an agriculture based economy, many activities are being carried out in way to raise live animals, crop harvesting & selling etc.  Organized and unorganized both sectors operate agricultural activities. Although under the current accounting systems there is nothing specific in terms of guidance which can talk about how to account/ deal with these agricultural activities in the books of account still with the help of following list of accounts or head of expenses we can maintain financial statements of agriculture organization. 

Income Heads:

Sales

Other Income

Direct Expenses Heads:

Purchase

Wages

Electricity Charges

Fuel Expenses

Canal, Pipeline Repairs & Maintenance Exp

Harvesting Expenses

Insurance of Crop

Inward Freight

Indirect Expenses:

Salaries

Storage charges,

Other Insurance

Insurance of Live Stock


Outward Freight


Interest Paid

Bank Charges


Rent

Hire Charges

Land Development Expenses