Section Two

It is important to accurately identify cash and non-cash revenue and expense items in order to develop an accurate income statement.
Fill out this sheet and mark each item below with the appropriate label.

Legend: CR – Cash Revenue NR – Non-cash Revenue CE – Cash Expense NE – Non-cash Expense

FM | Classifying Cash and Non-Cash Revenue and Expense Items Exam

Name*
First Last
Address*
City State
Date*
MM slash DD slash YYYY
Proceeds from Crop Sales*
- CR
- NR
- CE
- NE
Amount Paid for Purchased Feed*
- CR
- NR
- CE
- NE
Amount Paid for Seed*
- CR
- NR
- CE
- NE
Increase in Inventories*
- CR
- NR
- CE
- NE
Increase in Accounts Payable*
- CR
- NR
- CE
- NE
Amount Paid for Veterinarian and Medicine*
- CR
- NR
- CE
- NE
Cash Payment from Government Programs*
- CR
- NR
- CE
- NE
Amount Paid for Fertilizer*
- CR
- NR
- CE
- NE
Increase in Accounts Receivable*
- CR
- NR
- CE
- NE
Increase in Accrued Expenses*
- CR
- NR
- CE
- NE
Proceeds from Custom Work*
- CR
- NR
- CE
- NE
Proceeds from Livestock Sales*
- CR
- NR
- CE
- NE
Amount Paid for Interest*
- CR
- NR
- CE
- NE
Proceeds from the Sale of Livestock Products*
- CR
- NR
- CE
- NE
Depreciation*
- CR
- NR
- CE
- NE

Financial Training

CLASSIFYING CASH AND NON-CASH REVENUE AND EXPENSE ITEMS

FM | Classifying Cash and Non-Cash Revenue and Expense Items Exam