treatment of live stock

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

Replies (3)

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

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

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

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