Under AASB 118 Interest Revenue Is Recognised as Follows

question 20

Multiple Choice

Under AASB 118 interest revenue is recognised as follows:

• A) on a straight line method.
• B) on an effective interest method.
• C) on either an effective interest method, or a straight line method, depending on which method the entity feels provides the most relevant and reliable information.
• D) at the time of receipt of the interest.