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Hi
can i know the difference between Other Components of Equity and Other Comprehensive Income?i know OCI is a part of statementof profit or loss and other comprehensive income, where would OCEbe shown???
Hi,
Other components of equity are the statement of financial position side of the entries through other comprehensive income. This is the same as retained earnings being the statement of financial position entries through profit or loss.
Other components of equity sit within equity in the statement f financial position.
This is fundamental knowledge that you need to retain.
Thanks
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