Question

What is livestock account?

Answer 1

Answer:

Livestock is cattle, hogs, horses, poultry, sheep, and small animals bred and raised by an agricultural producer. A farm may raise livestock for sale. When animals are available and held for sale, the farm accountant can value the livestock at their selling price, less any estimated costs of disposal.

Answer 2

Explanation:

Livestock account can be defined as when the farm owner ( in which domestic animals are kept ) uses animals for commercial purposes or sell them if the stock amount raised .