According to TMS 41 living assets accounting

Living animals are always exposed to biological transformation like growth, mourn and death. Because of this reason, the valuation and accounting of living animals require to be different than other assets of agriculture businesses.Turkish Accounting Standards 41, Agriculture Standard considers this specialities of living animals and determines the principles of accounting and valuation. According to Turkish Tax Legislation, living animals are similar with other assets thus differences is occured between standard and legislation approaches. But some arrangements require for practise this principles.This study presented general informations about agriculture businesses and agriculture accounting than searched the approaches of standard and Turkish Tax Legislation, related with the subject and it is prepared that sample exercises related to present solution suggestions of the practise difficulties.Key Words: Living Animals, Agricultural Products, TMS 41, Tax Procedure Law