Agriculture
Unharvested Crops (Standing Crops)
Recognizing the value of crops still in the field at year-end.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Biological Assets (Crops) | Asset (+) | 2,000.00 | - |
| Unrealized Gain on Crop Growth | Revenue (+) | - | 2,000.00 |
💡 Accountant's Note
Crops in the field are biological assets. Even if not harvested, if they have grown, their increased value must be recognized as profit.
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