Livestock
This query is : Resolved
22 January 2009
Dear All,
Can anybody tell me the accounting treatment of imported cows for a diary project?
Can anybody tell me the accounting treatment of imported cows for a diary project?
22 January 2009
It can be capitalized...
Livestock A/c... Dr
To Cash / Bank / Creditor
Livestock A/c... Dr
To Cash / Bank / Creditor
23 January 2009
Thank You..
23 January 2009
It is simply treated as Asset and to be capitalised.
The Accounting entry is
Livestock A/C Dr.
To Suppliers A/C
And
Suppliers A/C Dr.
To Bank A/C
The Accounting entry is
Livestock A/C Dr.
To Suppliers A/C
And
Suppliers A/C Dr.
To Bank A/C
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