Question

Describe the methodlogy of crop production

Answer 1

crop method  is a special accounting method available to farmers who do not sell their crops in the same year that they planted and grew them.

Answer 2

Crop method is a special accounting method available to farmers who do not sell their crops in the same year that they planted and grew them. This allows them to charge the costs of production against sales revenue in the year it is actually realized.Crop method is one of several accounting methods available to farmers, which establish the rules for reporting income and expenses. Under this method, if a farmer does not harvest and dispose of the crop in the same tax year it was planted it can, with Internal Revenue Service (IRS) approval, use the crop method of accounting.