Margaret Ltd has a vineyard and at the end of reporting period 30 June 2012 the following information was available. There was no material change in the condition of vineyard from last appraisal to 30 June 2012
In accordance with AASB 141 "Agriculture",what is the journal entry to recognise the harvest of grapes on 25 June 2012?
E) None of the given answers.

Question

Margaret Ltd has a vineyard and at the end of reporting period 30 June 2012 the following information was available.  There was no material change in the condition of vineyard from last appraisal to 30 June 2012
In accordance with AASB 141 "Agriculture",what is the journal entry to recognise the harvest of grapes on 25 June 2012?
E) None of the given answers.

Quizplus · Accepted Answer

The Answer of Margaret Ltd has a vineyard and at the end of reporting period 30 June 2012 the following information was available.  There was no material change in the condition of vineyard from last appraisal to 30 June 2012
In accordance with AASB 141 "Agriculture",what is the journal entry to recognise the harvest of grapes on 25 June 2012?
E) None of the given answers.

Margaret Ltd Has a Vineyard and at the End of Reporting