Chapter 23
KAPLAN PUBLISHING
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Which one of the following is incorrect?
A
The statement of financial position and statement of profit
or loss
form part of the financial statements of a business
B
The statement of financial position illustrates the accounting equation
C
The statement of profit or loss illustrates the accounting equation
A
The statement of financial position and statement of profit or loss
illustrate the financial position and
performance of the business
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