The Notes to the Accounts That Relate to Income and Expense

question 61

Multiple Choice

The notes to the accounts that relate to income and expense should include:

• A) only commentary on issues covered by AASB 101.
• B) a variety of information that incorporates the disclosures required in all standards related to income and expenses.
• C) only information that would have resulted in a different profit or loss figure if it had been included on the face of the statement.
• D) only items that were deemed non-material when selecting items to place on the face of the accounts.