Page 13 - 8. COMPILER QB - INDAS 41
P. 13
To Gain on Sale (Profit & Loss) 226
(Subsequent re-measurement of 18 goats at fair value less costs to
sell just prior to the point at which they are sold [19,450 -
{(1,06,800/100) x 18}])
Cost to Sales Dr. 19,450
To Biological Assets (Goats) 19,450
(Recording a cost of sales figure separately with a corresponding
reduction in the value of the biological assets)
8. 12