Question: multiple choice The statement of financial position contains the elements: a- Assets, liabilities and net assets of the entity preparing the financial statements at the
The statement of financial position contains the elements: a- Assets, liabilities and net assets of the entity preparing the financial statements at the end of the fiscal year b-The revenues and expenses of the entity preparing the financial statements at the end of the fiscal year C-Assets and expenses of the entity prepared for the financial statements at the end of the fiscal year d-Assets and revenues of the entity prepared for the financial statements at the end of the fiscal year The financial performance list contains the elements: a- Assets, liabilities and net assets of the entity preparing the financial statements at the end of the fiscal year b-The revenues and expenses of the entity preparing the financial statements at the end of the fiscal year C-Assets and expenses of the entity prepared for the financial statements at the end of the fiscal year d-Assets and revenues of the entity prepared for the financial statements at the end of the fiscal year The entity preparing the report must display the list of changes in net assets: a- Assets, liabilities and net assets of the entity preparing the financial statements at the end of the fiscal year b. The surplus or deficit of the financial period for which the change in the net assets list is prepared C- The revenues and expenses of the entity preparing the financial statements at the end of the fiscal year d-Assets and expenses of the entity prepared for the financial statements at the end of the fiscal year
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
