Question No. 18
The Value Added Statement (VAS) is a:
Mandatory disclosure
None of the above
Voluntary disclosure
Statutory disclosure
Answers
Answered by
0
The value added statement is voluntary disclosure.
Explanation:
- Value added statement is a financial type statement showcasing the wealth formulated by an organization.
- Even it showcases how the wealth is distributed among the relevant stakeholders.
- The stake holders are the government, creditor’s shareholders that remains in the business.
- Value of statement is derived when you deduct the cost of products or services from the sale of products or services.
- This is termed as the net value of the business.
- The benefit of this system is that it becomes easy for a company to introduce bonus related schemes.
Learn more about value added statement
Why apprentice premium is used in value added statement
https://brainly.in/question/14172071
Where can we use apprentice premium in value added statement ?
https://brainly.in/question/14172071
Similar questions