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Which is not excluded from the scope of aasb revenue

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Problem 1) Which of the following is NOT excluded from the scope of AASB 118 Revenue ?

a) Accounting for share of joint venture revenue.

b) Subscriptions.

c) Revenue arising from primary production activities.

d) Revenue arising from oil and gas exploration.

Problem 2) Under AASB 15 interest revenue is recognised as follows:

a) on a straight line method.

b) on an effective interest method.

c) on either an effective interest method, or a straight line method, depending on which method the entity feels provides the most relevant and reliable information.

d) at the time of receipt of the interest

Reference no: EM132704595

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