Question: Explain on what basis do we classify items to be included in the Statement of Profit and Loss compared to items to be classified as

Explain on what basis do we classify items to be included in the Statement of Profit and Loss compared to items to be classified as 'other comprehensive income'? Provide one example of each.

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Explain on what basis do we classify items to be included in the Statement of Profit and Loss compared to items to be classified as 'other comprehensive income'? Provide one example of each.

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