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Subjects · Leaving Cert Accounting

Leaving Cert Accounting: Farm accounts

How often Farm accounts comes up on the Accounting papers, every year it was asked, and questions to try.

HL Asked on 1 of the last 10 Higher Level papers, most recently in 2024.

OL Asked on 6 of the last 10 Ordinary Level papers, most recently in 2026. most years

Farm accounts, Higher Level(6 marks)

Quick ones on Farm accounts.

(a)A farm's sales of cattle are shown as…
  1. A capital receipt
  2. Farm income
  3. Drawings
(b)Farm produce used by the farmer's family is treated as…
  1. A capital receipt
  2. A farm expense
  3. Drawings
(c)Enterprise analysis in farm accounts measures…
  1. The profit from each enterprise (e.g. dairy, tillage)
  2. The market value of the land and buildings
  3. The VAT due on all of the farm's sales for the whole year
Show the answers

(a) Farm income

(b) Drawings

(c) The profit from each enterprise (e.g. dairy, tillage)

Your turn: Higher Level questions on Farm accounts.

Higher Level

Asked on 1 of the last 10 Higher Level papers, most recently in 2024.

Every paper, year by year

YearWhere it came up
2026Not asked
2025Not asked
2024Q3
2023Not asked
2022Not asked
2021Not asked
2019Not asked
2018Not asked
2017Not asked
2016Not asked

Links open the State Examinations Commission’s paper for that year.

Ordinary Level

Asked on 6 of the last 10 Ordinary Level papers, most recently in 2026. most years

Every paper, year by year

YearWhere it came up
2026Q3
2025Not asked
2024Q2
2023Q7
2022Not asked
2021Q2
2019Q4
2018Not asked
2017Not asked
2016Q7

Links open the State Examinations Commission’s paper for that year.

More Farm accounts questions

Farm accounts, 2 marks

Building a new milking parlour on the farm is…

  1. A day-to-day running expense of the farm
  2. Drawings by the farmer
  3. Capital expenditure (a fixed asset)
Show the answer

Capital expenditure (a fixed asset)

A milking parlour lasts many years, so it is a fixed asset in the balance sheet and is depreciated each year.

Farm accounts, 3 marks

Car running costs €3,000; the car is used 60% for the farm. Car expenses in the farm accounts?

  1. €3,000
  2. €1,800
  3. €1,200
Show the answer

€1,800

Farm share: 60% × €3,000 = €1,800. The other €1,200 (private use) is drawings.

Farm accounts, 2 marks

An EU direct payment (grant) received by a farmer is…

  1. Farm income
  2. A farm expense
  3. A current liability
Show the answer

Farm income

Grants and EU direct payments are income of the farm.

Other Accounting topics

All of Leaving Cert Accounting