Valuation of Livestock
This query is : Resolved
25 July 2010
Example:-
Suppose, Mr. X have 5 buffaloes of Rs. 15000/- each. At the end of the accounting year 1 of them is died.
Then what will be the accounting treatment for it??
Is it booked as a loss or depreciation????
Suppose, Mr. X have 5 buffaloes of Rs. 15000/- each. At the end of the accounting year 1 of them is died.
Then what will be the accounting treatment for it??
Is it booked as a loss or depreciation????
Ca Aashish Upadhyay
(Expert)
25 July 2010
LOSS!
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