Multiple Choice
Which of the following is not recognised as an expense in accordance with AASB 102?
A) Cost of goods sold
B) Write-downs of inventories to net realisable value
C) Reversal of write downs to net realisable value
D) Inventory items used by an entity as components in self-constructed property, plant or equipment.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: AASB 102 prohibits which of the following
Q7: Net realisable value of inventories may fall
Q9: Which of the following statements is correct?<br>A)
Q11: Under the periodic inventory approach the cost
Q12: When an entity's operating cycle is not
Q12: AASB 102 requires disclosure of the
Q15: Taxes may be included in the costs
Q23: Stock take discrepancies between a count sheet
Q24: When determining the net realisable value of
Q26: The terms '2/7' appearing on an invoice