Shubham MangalShubham asked 2 years ago

In some books, cash flow statement p and l account balance sheet and disclosures or explanatory notes written and in some books, the answer of same ques is asset, liability income expense, and equity is mentioned. which is correct if asked in the examination

1 Answers
Auditaudit Staff answered 1 year ago

I don’t think this question will make it to exams
still assets /liabilities/incomes/expenses/equity/notes should be considered as elements of financial statements
components mean financial statements of branches.

Call Back Request