Agriculture
Biological Growth (Physical Change)
Adjusting the value of animals as they get older, heavier, and more valuable.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Biological Assets (Livestock) | Asset (+) | 1,500.00 | - |
| Change in Fair Value (Physical) | Revenue (+) | - | 1,500.00 |
💡 Accountant's Note
IAS 41 requires you to separate growth into 'Price Change' and 'Physical Change.' This entry records the value added because the animals grew larger.
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