alleryStart learning →Under AS 5, ordinary activities are those undertaken
AOnly once in a lifetime
BAs part of the business
CUnder court direction
DOutside the main trade
Answer & Solution
Correct answer: B. As part of the business
Ordinary activities are the ones an enterprise undertakes as part of its business, plus related activities.
Keep practising AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
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