IAS 2 AND IAS 16

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December 12, 2018 at 9:24 am #491837
oblatty
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Am auditing a gas company and am confused about how the client should recognize the cylinder that is used for the gas ,is it recognize as PPE under IAS 16 or INVENTORY under IAS 2
December 17, 2018 at 6:21 pm #492134
P2-D2
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Hi,

I’d speak to your technical department about it. It would all depend on whether the gas is sold alongside the cylinder or if the cylinder is just used for storage purposes.

Thanks
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