INCOME FROM DAIRY FARMING

RAJ KUMAR (FINANCE MANAGER) (1393 Points)

25 March 2010  

HELLO FRIENDS, MY CLIENT HAS A BIG DAIRY FARM

INCOME SOURCE IS SALE OF MILK

BUT THEY HAVE LOT OF CATTLES PURCHASE AND SALE OF CATTLES IS ALSO THEIR BUSINESS ACTIVITY

NOW PLEASE HELP ME WHETHER PUCHASE OF CATTLES IS THEIR STOCK OR IT IS THE CAPITAL EXPENDITURE

AND WHAT IS THE TREATEMENT OF PROFIT OR LOSS

PLS TELL ME.