Biological transformation – definition

Spread the love

Biological transformation is the process of growth, degeneration, production, and procreation, which causes qualitative and quantitative changes in a biological asset

Biological assets are the principal assets of agricultural activities, and they are held for their transformative potential.

This results in two major types of outcomes:

  • The first may involve asset changes—as through growth or quality improvement, degeneration or procreation.
  • The second involves the creation of separable products initially qualifying as agricultural produce. The management of the biological transformation process is the distinguishing characteristic of agricultural activities.

Author: amidu edson

I am certified accountant with more than 5 years of teaching experience. Currently am teaching auditing and assurance, management accounting and financial accounting for student preparing for professional exams such as ACCA and CPA.

Leave a Reply