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Re: Gain/Loss on Sale of Livestock

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September 14, 2012 12:42PM
I would check with your accountant on that one. In Farm Works when recording a sale of livestock (Breeding to Resale) it posts the total sales to the revenue account for the Livestock account Sales, reduces the Asset Inventory account for the average purchase cost and offset the same dollar amount to Beg vs. ending (which is the actual cost of goods sold) for tax purchases and then will show where the deposit of the sale went. We will not post a livestock sale to the Gain/Loss of Fixed assets. Only Equipment and land sales will post to that account. Hope this makes sense.

Thanks,

Kathy Cline,
Farm Works Software
SubjectAuthorPosted

Gain/Loss on Sale of Livestock

ChristaSeptember 14, 2012 10:35AM

Re: Gain/Loss on Sale of Livestock

KathyClineSeptember 14, 2012 12:42PM



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