Other ________________________ comprises items of income and expense that are not recognised in profit or loss.
Correct Answer:
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Q14: Expenses such as bank charges, interest expenses
Q15: Investors use the income statement to help
Q16: _ consists of calculations in which an
Q17: The _ is calculated by dividing net
Q18: The _ relates a business' gross profit
Q20: The statement of changes in equity summarises
Q21: _ _ are used for one accounting
Q22: Closing entries are entries made by a
Q23: The income statement plays a key role
Q24: The income statement's key role is to
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