A client engaged in manufacturing needs fuel to manufacture, so they plant trees and use them as fuel later. How to value these trees as per AS 2 while closing books of accounts?
1 Replies
CA Puru Goyal
(CA DISA)
(150 Points)
Replied 07 August 2015
Dear Saarang:-
- Since trees are comes under planataion , so AS-2 is not applicable to them
- For their valaution you need to take certification from some expert
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