- 1 Marks
FA – May 2023 – L1 – SA – Q17 – Elements of Financial Statements
Identifying expenses that must be recognized on the face of the statement of profit or loss classified by function of expenses.
Question
Which of the following must be recognised on the face of the statement of profit or loss, classified by function of expenses?
I. Depreciation
II. Tax charge
III. Dividends
IV. Finance charges
A. I and II
B. II and III
C. I and IV
D. II and IV
E. III and IV
Find Related Questions by Tags, levels, etc.
- Tags: Expenses Classification, Financial Statements, Profit or Loss
- Level: Level 1
- Topic: Elements of Financial Statements
- Series: MAY 2023
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