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From course:

ACCA Paper F3/FA/FFA

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Question:

What is the difference between the Statement of Comprehensive Income and the Statement of Profit or Loss?

Author: Christy B.



Answer:

The Statement of Comprehensive Income is the same as the Statement of Profit or Loss but with the addition of any surplus on revaluation. (For later exams there are other differences, but the above is the only relevant one for this exam.).


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