Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 21 - No. 50)
What is the function of the Statement of Changes in Equity?
To show a company's total cash inflows and outflows.
To detail the changes in a company's equity over a period.
To display the assets, liabilities and equity of a company.
To show the revenue and expenses of a company
Explanation
The Statement of Changes in Equity tracks movements in equity components such as share capital, retained earnings, and reserves.
Comments (0)
