treatment of live stock

vimal (Artical) (60 Points)

14 April 2011

what is the journal entrie in the books of dairy farm in case a caw gave birth to his baby???

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Devendra (Chartered Accountant) (4780 Points)
Replied 14 April 2011

Livestock / Self Generated Assets can be recorded at Nominal Value. (Say Rs. 1000)

The Journal Entry will be

Livestock A/c Dr. 1000 (Nominal value)

To Capital A/c 1000

Regards,

Devendra K

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Originally posted by : Devendra
	Livestock / Self Generated Assets can be recorded at Nominal Value. (Say Rs. 1000) The Journal Entry will be Livestock A/c Dr. 1000 (Nominal value) To Capital A/c 1000 Regards, Devendra K

vimal (Artical) (60 Points)
Replied 15 April 2011

dear devendra please tell me that why are you credit capital a/c.

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