The book Accounting Theory And Practice volume 3 was written by author Roy B Roy Bernard Kester Here you can read free online of Accounting Theory And Practice volume 3 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Accounting Theory And Practice volume 3 a good or bad book?
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In addition improvement and development are carried on simul- taneously with these activities and often continuously. Each of these operations may be divided and subdivided ad libitum; for example, agriculture may embrace the raising of several crops, such as grain, hay, vegetables, fruits, etc. , each of which may include various kinds; and live stock may include horses, cattle, sheep, hogs, etc. , each of which constitutes a separate line of production and requires separate accounting; while ...improve- ments and development may include the construction of houses, fences, irrigation canals, or clearing ground, breaking ground, seeding land, etc. Problems in the Determination of Farm Costs The valuation or appraisal of the "goods in process" is one of the principal problems in farm accounting. The cost of the "raw material" consumed up to a given point in the process of production is difficult to determine, since for instance the value of the grass consumed by a cow or calf cannot be accurately esti- mated; and even if this were possible the cost of the grass would not measure the increase in value, for the cow would consume more than the calf yet she would not increase in value; while the growth of the calf would represent a value far greater than the feed consumed.
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