Ankur Desai (NA) (26 Points)
25 November 2008Hello,
Can anyone explain me the accounting treatment of calves in the Livestock Industries. As, the Valuation of Livestock is excluded from AS 2.
Also if possible do let me know the few names of the companies engaged in Livestock Industries.
Many Thanks.
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 26 November 2008
join crazy accountants community and ask this queestion there
Devendra
(Qualified Audit Assistant)
(521 Points)
Replied 15 December 2008
Calves can be treated in Livestock Industries' accounts as Current Assets.
The best example of a Company engaged in Livestock business is Gujarat Cooperative Milk Marketing Federation Ltd. (Popularly known as 'Amul').
CAclubindia
