Solved

AASB 101 Requires Which of the Following in Relation to the Classification

Question 16

Multiple Choice

AASB 101 requires which of the following in relation to the classification of expenses?


A) Expenses to be classified by either nature or function.
B) Expenses to be classified by nature,unless classification by function is more relevant.
C) Expenses to be classified by function,unless classification by nature is more relevant.
D) Expenses to be classified by both nature and function.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions