Valuaion of Live stock
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2010
What will be the accounting entry when a cow gives birth & how the amount will w caculated.
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
live stock a/c dr
to capital reserve and at nominal value say re 1
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