Which of the following disclosures are required under IAS 18?
I total income, allocated between revenue and other gains
II the accounting policies adopted for revenue recognition
III the amount of each significant category of revenue recognised during the period
IV the amount of revenue arising from exchanges of goods and services.
A) I and II only
B) II, III and IV only
C) I, II and III only
D) I, II, III and IV

Question

Quizplus · Accepted Answer

IAS 18 requires disclosures of the accounting policies for revenue recognition, the amount of each significant category of revenue, and revenue from exchanges of goods and services. Total income allocation is not specifically required.

Which of the Following Disclosures Are Required Under IAS 18