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Financial Statements (Elements of Accounting (Equity
SOFP (Balance…
Financial Statements
Elements of Accounting
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Expenses
- Statement of comprehensive income - Income statement
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Income
- Statement of comprehensive income - Income statement
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A complete set of financial statements includes:
- A statement of comprehensive income for the period.
- A statement of financial position as at the end of the period.
- A statement of changes in equity for the period
- A statement of cash flows for the period
- Notes, comprising a summary of significant accounting policies & other explanatory information.