Under IAS accounting where are you most likely to find changes in inventory levels and purchases?
A)In the notes to the accounts
B)On the face of the balance sheet
C)On the face of the profit & loss
D)The value added statement

Question

Quizplus · Accepted Answer

Changes in inventory levels and purchases are usually disclosed in the notes to the accounts as additional information, rather than being reported directly on the face of the balance sheet or profit and loss statement. The value added statement may provide information on inventory and purchases, but it is not a commonly used financial statement under IAS accounting.

Under IAS Accounting Where Are You Most Likely to Find