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