Livestock
This query is : Resolved
CA Jithesh C
(Querist)
22 January 2009
Dear All,
Can anybody tell me the accounting treatment of imported cows for a diary project?
Can anybody tell me the accounting treatment of imported cows for a diary project?
Deepak Agrawal
(Expert)
22 January 2009
It can be capitalized...
Livestock A/c... Dr
To Cash / Bank / Creditor
Livestock A/c... Dr
To Cash / Bank / Creditor
CA Jithesh C
(Querist)
23 January 2009
Thank You..
CA. Sahendra Jaiswar
(Expert)
23 January 2009
It is simply treated as Asset and to be capitalised.
The Accounting entry is
Livestock A/C Dr.
To Suppliers A/C
And
Suppliers A/C Dr.
To Bank A/C
The Accounting entry is
Livestock A/C Dr.
To Suppliers A/C
And
Suppliers A/C Dr.
To Bank A/C
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