The scope of AASB 6 is specifically limited to accounting for:
A) exploration and evaluation expenditures.
B) exploration, evaluation and development expenditures.
C) pre-exploration, exploration and evaluation expenditures.
D) pre-exploration, exploration, evaluation and development expenditures.

Question

Quizplus · Accepted Answer

AASB 6 is specifically limited to accounting for exploration and evaluation expenditures. It does not cover development expenditures, production expenditures, or expenditures related to administrative or general activities.

The Scope of AASB 6 Is Specifically Limited to Accounting