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Masendeke having retired from formal employment decided to take up livestock farming activities. In January 2 0 1 7 Masendeke made the following livestock purchases
Masendeke having retired from formal employment decided to take up livestock farming activities. In January Masendeke made the following livestock purchases using a bank loan and commercial ranching activities. Head Class cost fsv stnd bull stnd bull cows heifers tollies oxen calves Between June and August the following took place: births deaths tollies, heifers and oxen sales tollies, heifers, oxen, calves realizing $ The following movements in growth took place between January and December calves became tollies; calves became heifers heifer become cows tollies became oxen The cost of running the head tolled $ The commissioner General has approved the FFSV shown above. Masendeke has elected to use minimum purchase price method in valuation of bulls. Required Using the information provided, prepare the following as at December Livestock reconciliation statement Livestock trading account for the period.
Masendeke having retired from formal employment decided to take up livestock farming activities. In January Masendeke made the following livestock purchases using a bank loan and commercial ranching activities.
Head Class cost fsv
stnd bull
stnd bull
cows
heifers
tollies
oxen
calves
Between June and August the following took place:
births
deaths tollies, heifers and oxen
sales tollies, heifers, oxen, calves realizing $
The following movements in growth took place between January and December
calves became tollies;
calves became heifers
heifer become cows
tollies became oxen
The cost of running the head tolled $ The commissioner General has approved the FFSV shown above. Masendeke has elected to use minimum purchase price method in valuation of bulls.
Required
Using the information provided, prepare the following as at December
Livestock reconciliation statement
Livestock trading account for the period.
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