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Saturday, 1 April 2023

Tags: accounting for farm products

Amendments to PAS 16 and PAS 41 for bearer plants

Amendments to PAS 16 and PAS 41 for bearer plants

Posted on August 7, 2014 by Orlando Calundan | 0 Comments
The requirement of the existing Philippine Accounting Standards (PAS)* 41 Agriculture, is to measure biological assets and agricultural produce at fair value less cost to sell, except for biological assets where fair value cannot be measured reliably, in which case, should…
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