Valuation of Livestock

This query is : Resolved

AKASH (Querist)
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25 July 2010 Example:-
Suppose, Mr. X have 5 buffaloes of Rs. 15000/- each. At the end of the accounting year 1 of them is died.
Then what will be the accounting treatment for it??
Is it booked as a loss or depreciation????

Ca Aashish Upadhyay

Ca Aashish Upadhyay (Expert)
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25 July 2010 LOSS!

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Valuation of Livestock

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