Which of These Is Not an Expense Item That Requires

question 65

Multiple Choice

Which of these is not an expense item that requires separate disclosure under the accounting standards in the statement of profit or loss and other comprehensive income or in the notes attached to the statement?

• A) Rent expense
• B) Bad and doubtful debts
• C) Impairment expenses of non-current assets
• D) Interest paid

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Definitions:

Consensus Decision Making

A group decision-making process that seeks agreement and acceptance of all participants on a decision, ensuring all voices are heard and considered.

Highly Trained

Describing individuals or a workforce that has undergone extensive education, training, and skill development in their respective fields.

Job Design

The process of organizing work into tasks and responsibilities to improve efficiency and employee satisfaction.

Organizational Goals

Objectives set by a business or organization aiming to guide its operations and determine its direction for future development.