What is the treatment of Live Stock ? if it is transfer to
the Profit & Loss Account or otherwise it will be treated?
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Answer / parul
Live stock will be depreciated as per revaluation method.
Every year revaluation will be made and differencing amount
will be written off to p & l a/c as depreciation.
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What is the treatment of Live Stock ? if it is transfer to the Profit & Loss Account or otherwise it will be treated?
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