Question
1. Outline the primary objectives of financial reporting as indicated in Statement of Financial Accounting Concepts No. 1? [2 Marks] 2. Explain what is meant
1. Outline the primary objectives of financial reporting as indicated in Statement of Financial Accounting Concepts No. 1? [2 Marks]
2. Explain what is meant by the term comparability in financial statements, referring to two (2) types of comparison that users of financial statements may make. [2 Marks]
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Core Concepts Of Accounting
Authors: Leslie K. Breitner, Robert N. Anthony
10th Edition
0136029442, 9780136029441
