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Valuaion of Live stock

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2010 What will be the accounting entry when a cow gives birth & how the amount will w caculated.
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CA.Manish Jindal

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CA.Manish Jindal (Expert)
14 January 2010 My opinion is that since it results in increase in asset (assuming dairy industry) without any cash outflow entry should be
live stock a/c dr
to capital reserve and at nominal value say re 1
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