Hello all. Am trying to set a poutry business for egg production. I would like understand how the chickens (layers) should be recorded as. Are they fixed assets or inventory items… kindly assist me.
revisit your generally accepted accounting practice in your country. Layers are biological assets under your current or PPE/Fixed Assets and eggs are your saleable items or inventory.
Why are you double posting a question that doesn’t even belong to this forum about Manager, an accounting program? You should consult a local accountant.