alleryStart learning →Which is an example of occasional revenue named in AS 25?
AMonthly rent from a tenant
BCash sales at a retail counter
CGovernment grants received
DInterest accrued daily on a bond
Answer & Solution
Correct answer: C. Government grants received
Dividend revenue, royalties and government grants are given as examples of revenues received occasionally within a year.
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Related questions
Each interim period of a quarterly reporter uses what?Can items that fail the asset or liability definition be shown in an interim balance sheetWhat must a liability at an interim date represent?A cost fails the asset test at year end. At an interim date?A half-yearly reporter revises an estimate. First-half figures?Regulator sets its own format. What still applies?AS 25 says timely interim reporting helps users to understand what?In which year was AS 25 on interim reporting issued?