Live Stock Treatment !! Help Me !!

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hello Sir,

Please guide me about Live Stock Treatment in Balance sheet.

I want to prepare Income Tax Return of Prop. of a Milk Dairy.

who have 8 cow and sell milk to his customer.

due to confusion, i can not prepare his documents.

please help me 

Profit n Loss A/c banega ya income n expenditue A/c banega kuch bhi samaz nahi aa raha hai 

Replies (1)

milk dairy is profit making business so p&l a/c will be prepared

& live stock shown as fixed assets

plz correct me if i wrong


CCI Pro

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