Agriculture
Recognition of New Births (Progeny)
Recording the birth of calves, lambs, or chicks which increases the herd size.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Biological Assets (Livestock) | Asset (+) | 200.00 | - |
| Gain from Birth of Livestock | Revenue (+) | - | 200.00 |
💡 Accountant's Note
When an animal is born, you gain an asset for 'free.' You record the fair value of the newborn immediately as income.
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