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2022 Agricultural Science Lesson Note for Second Term JSS3

Lesson Note on Agricultural Science JSS3 Second Term

 Second Term Scheme of Work for JSS3 Agricultural Science

WEEK 1 FACTORS OF PRODUCTION

WEEK 2 RECORDS AND BOOKKEEPING

WEEK 3 BOOKKEEPING

WEEK 4&5 FARM RECORDS AND ACCOUNT

WEEK 6&7 AGRICULTURE IN STOCK EXCHANGE

WEEK 8&9 AGRICULTURE IN STOCK EXCHANGE (II)

JSS3 Second Term Agricultural Science Lesson Note 

 Below are the 2022 Complete JSS3 Second Term Agricultural Science Lesson Note

Week 1

Topic: Factors of Production

A. Meaning of Production

Production can be defined as the transformation of raw materials into finished goods. It is concerned with all legal activities which are directed towards the satisfaction of human wants.

Human wants are many, but they can be divided into material wants and non-material wants. The material wants are referred to as goods while the non-material wants are called services.

Production involves the conversion of raw materials and semi-finished goods into tangible goods that can satisfy the needs of the people. Examples of tangible goods are yam, rice, clothes, cars, radio etc. To learn more, Click here 

Week 2

Agricultural Science JSS3 Second Term

Topic: Farm Records

Content

  • Farm Records
  • Importance of Farm Records

Farm Records

Farm records are written documents showing major activities going on in the farming business. This is to enable a farmer to manage his farm well and also have records for future use.

Importance of Farm Accounts and Records

  1. Changes in Prices of Produce – It enables the farmer to monitor changes in the prices of farm produce
  2. Determination of annual tax – Farm records make it possible to determine the accurate tax to be paid
  3. Data for planning and budgeting – Farm records help to provide data for planning
  4. Management Decisions – Records help you to make the right decisions as regards the farm business. To learn more, Click here 

Week 3 

Agricultural Science JSS3 Second Term

Topic: Book Keeping

Meaning of Book-keeping

It can be defined as the system of recording transactions in business on a daily basis in an appropriate book, it is an integral part of the account. It can also be defined as the process of recording, selecting, classifying, interpreting and communicating financial data of an organization to enable users to make decisions. Accounting involves measurement and reporting of an organization’s profit and loss.

Importance of Accounting and Book-keeping

  1. The record shows income and expenditure
  2. The record provides a means by which the finance of business are controlled
  3. It helps to prevent fraudulent practices
  4. It helps to determine the profitability of the business concern
  5. They are used for tax assessment. To learn more, Click here 

Week 4 & 5

Agricultural Science JSS3 Second Term

Topic: Farm Records and Account

Content

  • Types and Uses of Farm Records
  • Record and Its Benefits
  • Farm Accounts
  • Types and Importance of Farm Accounts

Types of Farm Records

  1. Cash book receipts and payment records
    Cash book – Book of financial transactions (income and expenses)
    Receipts and payments – There are two types ( cheque and cash) and they are recorded in the cash book
    Receipts are recorded on the left side while payments are recorded on the right side
    Cash book content – Date column, source of income received or expenditure made. To learn more, Click here 

Week: 6 & 7

Topic: Agriculture in Stock Exchange

What is a Stock?

stock is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation’s assets and earnings. “A stock is a share in the ownership of a company. There are two main types of stock: common and preferred. Common stock usually entitles the owner to vote at shareholders’ meetings and to receive dividends.

Stock Exchange

Stock exchange is a corporation or mutual organization which provides trading facilities for stock brokers and traders to trade on stock and other securities. It is a market where shares and stock and other securities are bought. The securities traded on stock include shares issued by the companies, units of trust, derivatives, pooled departments and bonds. To learn more, Click here 

Week: 8 & 9

Topic: Agriculture in Stock Exchange

Stock Exchange 
Stock exchange is a corporation or mutual organization which provides trading facilities for stock brokers and traders to trade on stock and other securities. It is a market where shares and stock and other securities are bought. The securities traded on stock include shares issued by the companies, units trust, derivatives, pooled departments and bonds. Stock exchange is an organized market where Government securities, shares, bonds and debentures of the trading units are regularly transacted. Stock exchange provides a place to the buyers and sellers of the shares and securities. Stock exchange indicates about the good or bad health of economy. If the share prices are rising it means country is running on the path of development and prosperity. To learn more, Click here 

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