I HAVE PROBLEM IN UNDERSTANDING THE POINT 1[D] OF AS-2
WHAT IS THE FULL ACCOUNTING TREATMENT OF LIVESTOCK AND AGRICULTRE PRODUCTS.....?
AND WHEN WE DO TREATMENT OF ABOVE ITEMS AS PER AS 2
PLZ HELP ME
THANKS
Menu
Help...
Replies (3)
dear tanay,
you have a genuine query. as far as i know accounting standard does not deal with live stocks.
plz cross check.
cheers
ganesh agarwala
AS 2 excludes livestock; agricultural produce etc. These are not covered by 'as2'
and are valued at nrv
Agreed with both the above
Recent Threads
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
Related Threads
CAclubindia
