Perform the Addition or Subtraction and Give Your Answer in Hindu-Arabic

question 240

Multiple Choice

Perform the addition or subtraction and give your answer in Hindu-Arabic form.
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• A) 1267
• B) 1277
• C) 1367
• D) 1377

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally recognized for financial reporting.

One-transaction Approach

A fiscal approach viewing an intercompany transaction as a singular event affecting consolidated financial statements, without recognizing it in individual accounts.

Two-transaction Approach

An accounting method where a transaction is considered to involve two separate events that are recorded independently.

Two-transaction Theory

A concept in accounting that proposes a business transaction affects two or more accounts in the ledger, which is fundamental to the double-entry bookkeeping system.