The correct heading on a statement of financial position made up to 30 June 2014 is:

Question

Quizplus · Accepted Answer

As at 30 June 2014 is the most appropriate heading for a statement of financial position, as it reflects the financial position of the entity at a specific point in time, which is the end of the reporting period. Choice B, For the year ended 30 June 2014, is more appropriate for a statement of comprehensive income, as it reflects the entity's performance over the reporting period. Choice C, For the period ended 30 June 2014, is too vague and could refer to any time period, while choice D is not a valid option.

The Correct Heading on a Statement of Financial Position Made