When agricultural produce is harvested, the harvest shall be accounted for by using PAS 2, Inventories, or another applicable PFRS. For the purpose of that standard, cost at the date of harvest is deemed to be *

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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When agricultural produce is harvested, the harvest shall be accounted for by using PAS 2,
Inventories, or another applicable PFRS. For the purpose of that standard, cost at the date of
harvest is deemed to be *
O FV less cost to sell at the point of harvest
O Historical cost of the harvest
O Historical cost less accumulated impairment losses
O Market value
Transcribed Image Text:When agricultural produce is harvested, the harvest shall be accounted for by using PAS 2, Inventories, or another applicable PFRS. For the purpose of that standard, cost at the date of harvest is deemed to be * O FV less cost to sell at the point of harvest O Historical cost of the harvest O Historical cost less accumulated impairment losses O Market value
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