AASB 141 applies to the accounting for the following when they relate to agricultural activity:
I agricultural produce
II biological assets
III land related to agricultural activity
IV government grants

Question

Quizplus · Accepted Answer

AASB 141 applies to agricultural produce and biological assets related to agricultural activity, as well as government grants related to these items. It does not apply to land.

AASB 141 Applies to the Accounting for the Following When