Livestock Valuation
This query is : Resolved
30 January 2009
If a cow(Which is in my books) gives birth to calf then how will calf be valued in the books of account and what will be effect in income tax.
plz reply in context of AS or any Act.
regards,
plz reply in context of AS or any Act.
regards,
30 January 2009
Its like bonus share...
You will have to upadate the number of cows in ur register. But there will be no increase in amount
You will have to upadate the number of cows in ur register. But there will be no increase in amount
30 January 2009
SO NO ACCOUNTING ENTRY AS AMOUNT IS NOT INVOLVED
30 January 2009
BONUS. NO ACCOUNTING ENTRY BUT JUST ADJUSTMENT TO THE NUMBER OF LIVE STOCKS IN YOUR BOOKS.
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