Primefarm Enterprises Financial Report

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KARATINA UNIVERSITY

SCHOOL OF BUSINESS

COURSE: BACHELOR OF BUSINESS MANAGEMENT (ACCOUNTING OPTION)

DEPARTMENT: BUSINESS AND ENTREPRENEURSHIP

NAME: NYAGA KELVIN KINYUA

REG. NUMBER: B100/0236J/13

UNIT: PRACTICAL ACCOUNTING AND DATA PROCESSING

UNIT CODE: BBM 450

LECTURER: DR. MUCHINA

PRIMEFARM ENTERPRISES FINANCIAL REPORT

FOR THE HALF – YEAR PERIOD

 IST MARCH 2017 TO 31STAUGUST 2017

Table of Contents

COVER PAGE1

TABLE OF CONTENTS 2

SECTION 1: INTRODUCTION3

Accounting period and performance highlights4

Performance highlights Con’t.5

SECTION 2: PRACTICAL ASPECTS OF THE ACCOUNTING CHART AND PROCEDURE………………………………..6

     Chart of Accounts………………………………………………………………………………………………………………………………..6

            Procedure followed……………………………………………………………………………………………………………………….7

                 Procedure Con’t………………………………………………………………………………………………………………………..8

                     Accounting Cycle…………………………………………………………………………………………………………………..9

SECTION 3: FINANCIAL STATEMENTS………………………………………………………………………………………………...10

      Statement of comprehensive income……………………………………………………………………………………………….10

          Statement of financial position……………………………………………………………………………………………………..11

SECTION 4: NOTES TO THE FINANCIAL STATEMENTS………………………………………………………………………….12

SECTION 5: APPENDICES……………………………………………………………………………………………………………………13

        Appendices Con’t……………………………………………………………………………………………………………………………14

             Appendices Con’t……………………………………………………………………………………………………………………….15

SECTION 1: INTRODUCTION

PRIMEFARM is a participant in the Agribusiness industry based in Kenya. We specialize in banana business where we plant bananas and sell them, we also do value addition to the bananas and produce flour which is sold with the bananas.