Question 2 Sha: "Do you know something about the Statement Of Financial Position (SOFP)?" Don: "What's that?" Sha: "The SoFP is actually not a part of the double entry system." Are you sure? But when I close the ledgers, its balances are all shown in the SOFP Sha: "Yup, I am pretty sure. Did you forget that the SOFP doesn't have closing balances?" Don: "Oh yeah..." Required: Based on the above conversation, discuss on the implications in which the Statement Of Financial Position (SOFP) not being part of the double entry system