Can anyone explain me the accounting treatment of calves in the Livestock Industries. As, the Valuation of Livestock is excluded from AS 2.
Also if possible do let me know the few names of the companies engaged in Livestock Industries.
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Calves can be treated in Livestock Industries' accounts as Current Assets.
The best example of a Company engaged in Livestock business is Gujarat Cooperative Milk Marketing Federation Ltd. (Popularly known as 'Amul').
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