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
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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
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