Sir I have written the recognition criteria of IA in following 2 ways. Please confirm me that whether both ways of writing the answer is acceptable?
According to IAS 38, IA shall be recognized if it is probable that future economic benefits will flow to entity and cost of the asset can be measured reliably
According to IAS 38, IA shall be recognized
i) If it is probable that future economic benefits will flow to entity and
ii) Cost of the asset can be measured reliably
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Way of presentation/writing the answer
3y ago#1Both OK, but I prefer the second one.
BUT saying "according to IAS 38" is wasting your life. No one cares about the standard number.
:)
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