Question

The profit or loss disclosed by the accounts of a company is

Answer 1

Each item on the face of the Balance Sheet and Statement of Profit and Loss shall. be cross-referenced .... A company shall disclose the following in the notes to accounts.

A company shall disclose the following in the notes to accounts. ... (h) Surplus i.e., balance in Statement of Profit and Loss disclosing allocations and appropriations such as dividend, ...

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