Agriculture
Daily Milk Production
Recording the fair value of milk collected from dairy cows.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Inventory (Milk) | Asset (+) | 100.00 | - |
| Revenue from Agricultural Produce | Revenue (+) | - | 100.00 |
💡 Accountant's Note
Milk is produce. It is recorded as inventory at fair value minus costs to sell at the moment of milking.
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