Describe the general purpose of the statement of financial position. In addition, explain the terms asset, liahility

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Describe the general purpose of the statement of financial position. In addition, explain the terms asset, liahility and equity as defined by the Conceptual Framework for Financial Reporting (lASB, 2010).

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Business Accounting An Introduction To Financial And Management Accounting

ISBN: 9780230276239

2nd Edition

Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis

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