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Fixed or current asset

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(Querist)
07 August 2012 suppose we have a diary firm there are no. of cows there .i wanna asked that the cows are our fixed Assets or current assets or something else..
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Naresh Kansala

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Naresh Kansala (Expert)
07 August 2012 AS-10 and AS-6 Does not applicable on live stock hence they are not our fixed assets.
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Ajay Bhandari

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Ajay Bhandari (Querist)
07 August 2012 then it's our current assest or anything else
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