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The effect of a revision of an accounting estimate must be recognised in profit and loss in which reporting periods? In the present, prior (by
The effect of a revision of an accounting estimate must be recognised in profit and loss in which reporting periods?
In the present, prior (by adjusting retained earnings) and future periods affected. | ||
In the present and future periods affected. | ||
In the present and prior reporting periods (by adjusting retained earnings). | ||
Not recognised in any period. |
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