The items on the statement of profit or loss and other comprehensive income are expressed in rands but the corresponding margins are expressed as:
A)incomes.
B)expenses.
C)profits.
D)percentages.

Question

Quizplus · Accepted Answer

The corresponding margins are expressed as percentages, representing the percentage of revenue that is profit or the percentage by which expenses exceed revenue. This allows for easier comparison and analysis of financial performance.

The Items on the Statement of Profit or Loss and Other