Under AASB 118 Interest Revenue Is Recognised as Follows

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.

Correct Answer:

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