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wanted to find out if we can use abbreviations on the answer script for example property plant and equipment to ,ppe when writtin our finacial statements? i have been scared thinking i would be marked down
Abbreviate as much as you can!
The only exception is where you are writing, for example, a report or letter. So you would instead say something like “According to the International Financial Reporting Standards (IFRS) the correct treatment of an asset in these……….”
Ok?
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