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Scirj, Volume VIII [2020]
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Scirj Volume VIII, Issue VIII, September 2020 Edition
ISSN: 2201-2796

ANALYSIS OF ACCOUNTING TREATMENT OF BIOLOGICAL ASSETS OF NUTMEG PLANT ON NUTMEG FARMERS IN TUMALUNTUNG VILLAGE, KAUDITAN SUB-DISTRICT

Merry L. Sael, Harty U.H.L. Koagouw, Jeane. Christine. Lasut, Decire. D. Wagiu

Abstract: The purpose of this research was to determine the accounting treatment of the biological assets of nutmeg on nutmeg farmers in Tumaluntung village, Kauditan Sub-District, North Minahasa District. The method used in this research is a qualitative approach, which is based on phenomena and explored logically, in accordance with scientific principles. The results showed that the accounting treatment of nutmeg farmers began with the recognition of the current biological assets of nutmeg, namely the category of crops that produce, and valued at fair value (market price), for harvested income. In other words, sales are reduced by costs ranging from equipment, maintenance and expenses. Measurement of biological assets, which is measured by the growth of nutmeg trees, as well as the yield of harvest income, compared to the number of trees owned by the farmer, multiplied by the amount produced per tree, and multiplied by the selling price, and the cost is measured by the total cost for harvesting, and the cost of selling it . Disclosure of the value of the biological assets of nutmeg, which is currently owned by farmers, is the fair value, which is valued at the selling price of the nutmeg tree according to its growth. Although currently, farmers have never recorded their biological assets. It can also be disclosed how much the yields and costs are, so that a net yield is obtained. All of this is recorded and known. With this research, it is hoped that farmers can reveal how the accounting treatment has been done by nutmeg farmers in order to make future plans so that the nutmeg farmers do not experience losses.

Reference this Paper: ANALYSIS OF ACCOUNTING TREATMENT OF BIOLOGICAL ASSETS OF NUTMEG PLANT ON NUTMEG FARMERS IN TUMALUNTUNG VILLAGE, KAUDITAN SUB-DISTRICT by Merry L. Sael, Harty U.H.L. Koagouw, Jeane. Christine. Lasut, Decire. D. Wagiu published at: "Scientific Research Journal (Scirj), Volume VIII, Issue VIII, September 2020 Edition, Page 31-36 ".

Search Terms: Accounting Treatment, Biological Assets of nutmeg plants

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