According to AASB 1039, in Order to Provide Clear Information

question 55

Multiple Choice

According to AASB 1039, in order to provide clear information to shareholders, the concise financial report must disclose which of the following?
I.Gross profit
II.Dividends per share
III. Earnings per share
IV.The capitalisation ratio
V.Changes in accounting policies

• A) I, II and III
• B) II, III and V
• C) III and IV
• D) II and V

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Definitions:

Note Receivable

A written promise for amounts to be received, typically outlining the terms including payment amounts, interest rate, and due date.

Bank Reconciliation

A process that explains the difference between the bank balance shown in an organization's bank statement, as provided by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time.

Bank Reconciliation

The process of comparing and aligning a company’s financial records with those shown in its bank statement to ensure accuracy and completeness.

Bank Service Charges

Fees charged by banks for accounts and various banking services, such as monthly maintenance or transaction fees.