Identify the outgoing that could not appear in the statement of financial performance.
A) Interest paid.
B) Wages and salaries.
C) Purchase of flowers for the waiting room.
D) Repayment of loan.
Correct Answer:
Verified
Q1: What is the expense in the statement
Q2: Which is the best description of the
Q4: Under accrual accounting, profit is measured as:
A)income
Q5: When is income considered to have been
Q6: Which statement is not correct?
A)A loss is
Q7: Which of these are not alternative names
Q8: Which statement about net profit is not
Q9: Accrual accounting:
A)recognises expenses when they have been
Q10: Which of the following would be a
Q11: In relation to the recognition and realisation
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