- 1 Marks
Question
Among the following listed items, highlight the one that is irrelevant when ascertaining the quantity of containers retained by the customers:
A. Charged out containers
B. Returned containers
C. Returnable containers
D. Scrapped containers
E. Opening containers with customers
Answer
D. Scrapped containers
Explanation:
Scrapped containers are not relevant when determining the quantity of containers retained by customers, as they are no longer in usable condition.
- Tags: Containers, Financial Reporting, Inventory
- Level: Level 1
- Topic: Accounting for Inventories (IAS 2)
- Series: MAY 2013
- Uploader: Theophilus