Which of the Following Statements Is Incorrect

Multiple Choice

Which of the following statements is incorrect?

A) Accounting records do not need to be prepared for the joint operation itself.
B) Accounting for a joint venture is the same as that of a joint operation.
C) AASB 11/IFRS 11 Joint Arrangements do not provide standards on accounting for the joint operation itself.
D) The statement of financial position is the joint operation's main financial statement.