Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 14 - No. 26)
Which of the following is the most appropriate description of the item that would be shown on the statement of changes in equity?
Profit or loss for the period
Movement in share capital and reserves.
Assets and Liabilities
The total amount of cash received by the company
Explanation
The statement of changes in equity focuses on changes in equity components.
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