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Discussion > Accounts > AS >

Accounting Treatment of Livestock

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[ Scorecard : 26]
Posted On 25 November 2008 at 18:01 Report Abuse


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.

Many Thanks.

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shailesh agarwal
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[ Scorecard : 7603]
Posted On 26 November 2008 at 00:31

 join crazy accountants community and ask this queestion there

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[ Scorecard : 521]
Posted On 15 December 2008 at 10:41

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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