Under AASB 101, in the Profit or Loss Statement (Income

Multiple Choice

Under AASB 101, in the profit or loss statement (income statement) the amount 'Profit or loss' is

A) the total of all revenue, expense, gain and loss items recognised by the reporting entity
B) the total of revenue, expense, gain and loss items that appear in the profit or loss statement
C) the total of revenue and expense items that appear in the profit or loss statement
D) none of the above