Which of the following are excluded from the scope of IAS 18?
I the initial recognition of agricultural produce
II insurance contracts within the scope of IFRS 4
III the extraction of mineral ores
IV lease agreements
A) I, II only
B) II, III and IV only
C) I, III and IV only
D) I, II, III and IV

Question

Quizplus · Accepted Answer

IAS 18 excludes the initial recognition of agricultural produce, insurance contracts within the scope of IFRS 4, the extraction of mineral ores, and lease agreements from its scope.

Which of the Following Are Excluded from the Scope of IAS