Please can somebody help and explain why we work out fair value of R1 200 and deduct it from the fair value less cost to sell of R1 176. And why is the difference of R24 a loss in P&L?
Dear Mam ...some where i listened when agriculture produce is detached from biological asset it is dealt under IAS 2 where as in table given by IFRs organization milk and wool are agriculture produce and dealt under IAS 41 . please explain when IAS2 starts and when IAS 41 ceases to apply ?
Please can somebody help and explain why we work out fair value of R1 200 and deduct it from the fair value less cost to sell of R1 176. And why is the difference of R24 a loss in P&L?
Amazing lectures mam😊very helpful 👌
🎉💕
Dear Mam ...some where i listened when agriculture produce is detached from biological asset it is dealt under IAS 2 where as in table given by IFRs organization milk and wool are agriculture produce and dealt under IAS 41 . please explain when IAS2 starts and when IAS 41 ceases to apply ?
Wool that is still on the sheep is under IAS 41. After shearing the wool off the sheep, it is covered under IAS 2 as inventories.
Thank you very much. I learnt alot
Please upload for share based payments and group accounting 🙏.
Why did we ignore 3 sold cows?