There are several important terms that relate to agricultural activity that need to understand in...
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Accounting
There are several important terms that relate to agricultural activity that need to understand in order to account for biological assets. Required: (a) Define the terms below: i. Agricultural activity (2 marks) ii. Biological transformation (2 marks) iii. Agricultural produce (2 marks) iv. Harvest (2 marks) v. Capability to change (2 marks) (b) State THREE (3) main elements that are important during recognition the MFRS 141. (6 marks)
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