hello Sir,
Please guide me about Live Stock Treatment in Balance sheet.
I want to prepare Income Tax Return of Prop. of a Milk Dairy.
who have 8 cow and sell milk to his customer.
due to confusion, i can not prepare his documents.
please help me
Profit n Loss A/c banega ya income n expenditue A/c banega kuch bhi samaz nahi aa raha hai
milk dairy is profit making business so p&l a/c will be prepared
& live stock shown as fixed assets
plz correct me if i wrong
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