Multiple Choice
It is true under IAS 1/AASB 101 that:
A) for the balance sheet all assets and liabilities must be classified as current or non-current (unless a liquidity presentation is more appropriate) .
B) there is a prescribed format set out for the balance sheet.
C) movements in reserves must be shown on the face of the balance sheet.
D) the balance sheet must begin with the assets section.
Correct Answer:
Verified
Correct Answer:
Verified
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