Question

livestock ka kya hai types of acc
Option
1) Nominal Account
2)Real Account
3) personal Account
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Answer 1

Answer:

The livestock has a market value, which is assigned to the inventory and also recorded as a change in revenue in the income statement. At the end of the reporting period, the amount of raised livestock is determined and valued based on the market price at the end of the period. This ending valuation is then compared to the valuation already in the relevant inventory account from the beginning of the reporting period; the difference is recorded in a revenue account

real account