Which of the following is not a component of a Statement of Financial Position?

Related MCQs

• Which of the following is true about financial statements? I)Financial statement gives a summary of accounts. II) Financial statements can be stated as recorded facts.
• Which of the following statements are true? I) Financial statements are only interim report. II) Financial statements are also known as annual records. III) Financial statements are historic.
• An entity shall explain how the transition from previous GAAP to IFRSs __________ its reported financial position, financial performance and cash flows.
• Whether financial reviews by management, environment reports and value added financial statements are outside the scope of international financial reporting standards (IFRSs)?
• The statement of financial position and the balance sheet are synonyms
• As per IAS 1, Presentation of financial statement, ______ no of items would constitute complete set of financial statements.
• Which of the following is not a component of cost of an asset?
• Financial statement in relation to a company includes:
• While preparing the transferee company’s financial statement under amalgamation in the nature of merger, the assets and liabilities taken over from the transferor company should be incorporated at ----------
• While preparing the transferee company’s financial statement under amalgamation in the nature of purchase, the assets and liabilities taken over from the transferor company should be incorporated at --------