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SBR Questions
I have a few questions that I hope can be answered.

Why is the revaluation gain/loss of biological asset recorded in P/L whereas that of a NCA is recorded in the OCI?
  • #SBR
  • #STUDY RESOURCES
February 28th 2022 AN ACCA USER

Retagged February 28th 2022
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A gain on initial recognition (e.g. as a result of harvesting) of agricultural produce at fair value less costs to sell are included in profit or loss for the period in which it arises. [IAS 41.28]
February 28th 2022 AN ACCA USER
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Contact with me email findhonesty@yahoo.com
May 1st 2022 AN ACCA USER
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