Biological Assets and Agricultural Produce (with Journal Entries)
Learn the basic accounting concepts of biological assets and agricultural produce. The discussion also includes journal entries.
Reference:
Valix, Conrado T., Peralta, Jose F., Valix, Christian Aris M., Conceptual Framework and Accounting Standards, 2020 Edition, Conanan Educational Supply
Time stamps:
00:00 Introduction
00:25 Biological Asset
01:39 Agricultural Produce and Harvest
06:51 Agricultural Activity
10:30 Bearer Plants
12:55 Examples of Bearer Plants
22:51 Bearer Animals
25:26 Measurement
29:06 Gain or loss
34:19 Problem Solving
36:31 Journal Entries
44:38 F/S Presentation
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