1. PAS 41 Agriculture is applicable to which of the following? a. Agricultural produce after the point of harvest b. Bearer plants related to agricultural activity c. Living animals related to agricultural activity d. Unconditional government grants related to biological assets measured at cost 2. Which of the following standard is most likely applicable to agricultural produce after the point of harvest? a. PAS 41 Agriculture c. PAS 2 Inventories b. PAS 16 Property, Plant and equipment d. Any of these 3. PAS 41 is applicable to which of the following items? a. Land used for farming b. Agricultural produce after point of harvest c. Unconditional government grants related to bearer plants d. Unconditional government grant related to consumable living animals measured at fair value costs to sell. 4. Which of the following is considered as a biological asset under PAS 41? a. Carcass c. Pig b. Ham d. Piggy bank 5. Which of the following is considered as an agricultural produce under PAS 41? a. eggs to be hatched into chicks c. dairy cow b. condensed milk d. felled tress 6. Which of the following is considered as inventory to be accounted for under PAS 2? a. Harvested cotton c. Tea b. harvested cane d. Picked leaves
1. PAS 41 Agriculture is applicable to which of the following?
a. Agricultural produce after the point of harvest
b. Bearer plants related to agricultural activity
c. Living animals related to agricultural activity
d. Unconditional government grants related to biological assets measured at cost
2. Which of the following standard is most likely applicable to agricultural produce after the point of harvest?
a. PAS 41 Agriculture c. PAS 2 Inventories
b. PAS 16 Property, Plant and equipment d. Any of these
3. PAS 41 is applicable to which of the following items?
a. Land used for farming
b. Agricultural produce after point of harvest
c. Unconditional government grants related to bearer plants
d. Unconditional government grant related to consumable living animals measured at fair value costs to sell.
4. Which of the following is considered as a biological asset under PAS 41?
a. Carcass c. Pig
b. Ham d. Piggy bank
5. Which of the following is considered as an agricultural produce under PAS 41?
a. eggs to be hatched into chicks c. dairy cow
b. condensed milk d. felled tress
6. Which of the following is considered as inventory to be accounted for under PAS 2?
a. Harvested cotton c. Tea
b. harvested cane d. Picked leaves
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