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| Date Submitted | 08-Jul-10 |
|---|---|
| Category | Financial Accounting & Reporting |
| Heading | AASB 139 Para 5 |
| Question | It says exclusion involves "...the entity's expected purchase, sale or usage requirements" in the real life, how do we know and determine the asset is not for sale or purchase, is that subjective or dependences on frequency? For example, one for all in comparsion to regular purchase |
| Answer | The exclusion means that we exclude purchases of inventory items. |