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ipcc student

[ Scorecard : 67]
Posted On 11 July 2012 at 10:49 Report Abuse

I HAVE PROBLEM IN UNDERSTANDING THE POINT 1[D] OF AS-2
 

WHAT IS THE FULL ACCOUNTING TREATMENT OF LIVESTOCK AND AGRICULTRE PRODUCTS.....?

AND WHEN WE DO TREATMENT OF ABOVE ITEMS AS PER AS 2

PLZ HELP ME

THANKS



Ganesh Agarwala
kolkata

[ Scorecard : 201]
Posted On 11 July 2012 at 11:16

dear tanay,

 

you have a genuine query. as far as i know accounting standard does not deal with live stocks.

plz cross check.

cheers

 

ganesh agarwala




Jasmine
CA Final

[ Scorecard : 209]
Posted On 11 July 2012 at 11:40

AS 2 excludes livestock; agricultural produce etc. These are not covered by 'as2' and are valued at nrv


Archana Das
CA Final student

[ Scorecard : 578]
Posted On 12 July 2012 at 14:21

Agreed with both the above


There are 3 Replies to this message






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