How to show parent stock of cocks using for eggs in fs
This query is : Resolved
sunilkumar
(Querist)
18 July 2016
sir,
This is the case of doubt regarding how we can show the value of parent stock of breeds in financial statement that are used for egg production. is it fixed assets ?? or inventory
This is the case of doubt regarding how we can show the value of parent stock of breeds in financial statement that are used for egg production. is it fixed assets ?? or inventory
Amol S Joglekar
(Expert)
18 July 2016
it is shown as "LIVE stock" under fixed asset
sunilkumar
(Querist)
21 July 2016
then what about depreciation
Amol S Joglekar
(Expert)
21 July 2016
what is the expected life?
sunilkumar
(Querist)
21 July 2016
One and half year
Amol S Joglekar
(Expert)
21 July 2016
so? the choice is clear.....you need to write off/charge off the value as per expected life
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sunilkumar
(Querist)
21 July 2016
thank you so much sir,can you give me your contact
Amol S Joglekar
(Expert)
21 July 2016
amolshankar@gmail.com OR amol@vpraca.com
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please do write the reference of CA club of india in subject line
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