Isaac Ltd is a company which buys agricultural produce from wholesale suppliers for retail to the general public. It is preparing its financial statements for the year ending 30 September 20X4 and is considering its closing inventory. In addition to IAS 2 Inventories, which of the following accounting standards may be relevant to determining the figure to be included in its financial statements for closing inventories?

COST ACCOUNTING STANDARDS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	IAS 10 Events After the Reporting Period
B	IAS 38 Intangible Assets
C	IAS 16 Property, Plant and Equipment
D	IAS 41 Agriculture

Explanation:

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