Question
Under IAS 1/AASB 101 Presentation of Financial Statements which format is prescribed for the statement of financial position? a.Assets Liabilities = Equity b. Assets =
Under IAS 1/AASB 101 Presentation of Financial Statements which format is prescribed for the statement of financial position?
a.Assets Liabilities = Equity
b. Assets = Equity + Liabilities
c. Equity = Assets - Liabilities
d. No one format is prescribed
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Accounting What The Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
8th Edition
0073379417, 978-0073379418
