Definition of rations: Goods taken from stock for private use If you take goods from stock for your own use, or for the use of your family members, you are required to account for the goods as if the stock had been disposed of at its cost. This includes the situation where a grazier slaughters livestock for personal consumption or for "rations" for employees.

Question :Based on above information Outline briefly why rations are relevant to the taxable income of the partnership. Develop a register (i.e. an accounting book/record) that captures the rations data required for taxation purposes and audit requirements. What is the next accounting record in the audit trail that captures this information?