Which statement is not correct?
A)Agricultural activity involves growth, degeneration and reproduction.
B)Agricultural activity includes processing into the final product.
C)Revenue recognition for agricultural produce is covered under the requirements of IAS 18.
D)Inventory valuation for agricultural produce is covered under the requirements of IAS 2.

Question

Quizplus · Accepted Answer

The Answer of Which statement is not correct?
A)Agricultural activity involves growth, degeneration and reproduction.
B)Agricultural activity includes processing into the final product.
C)Revenue recognition for agricultural produce is covered under the requirements of IAS 18.
D)Inventory valuation for agricultural produce is covered under the requirements of IAS 2.

Which Statement Is Not Correct