I HAVE PROBLEM IN UNDERSTANDING THE POINT 1[D] OF AS-2
WHAT IS THE FULL ACCOUNTING TREATMENT OF LIVESTOCK AND AGRICULTRE PRODUCTS.....?
AND WHEN WE DO TREATMENT OF ABOVE ITEMS AS PER AS 2
PLZ HELP ME
THANKS
CA Tanay Jindal (CA in practice ) (163 Points)
11 July 2012
I HAVE PROBLEM IN UNDERSTANDING THE POINT 1[D] OF AS-2
WHAT IS THE FULL ACCOUNTING TREATMENT OF LIVESTOCK AND AGRICULTRE PRODUCTS.....?
AND WHEN WE DO TREATMENT OF ABOVE ITEMS AS PER AS 2
PLZ HELP ME
THANKS
CA Ganesh Agarwala
(Audit Senior Manager)
(239 Points)
Replied 11 July 2012
dear tanay,
you have a genuine query. as far as i know accounting standard does not deal with live stocks.
plz cross check.
cheers
ganesh agarwala
Jasmine
(CA Final)
(209 Points)
Replied 11 July 2012