Do we lose marks if we abbreviate words on the Statement of Financial Positions ?
Abbreviating Words in exams
10y ago#1No, but you'll lose precious time if you waste your efforts writing out the words in full!
The exam is testing your accounting / financial reporting skills, not your ability to write "Intangible Non-Current Assets" or "Statement of Financial Position"
INCA and SoFP are totally adequate (and they were just examples! There are loads of others to be abbreviated)