Accounting

Aj Style (Student) (334 Points)

29 April 2019  
I have started a goat farming business and i have purchased 60 goat from Rajisthan in which 10 to 15 are kids. Now my question is, should the goat have treated as Fixed Asset or Stock in trade. And how i will value the closing stock & record sales and purchase entry in my book of accounts. Please answer with Journal Entry.