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So I can write SoPol and sofp instead of the whole name and still get full marks or do I have to write the whole name down every time I mention the two accounts?
Abbreviate! This is an examination of your appreciation of auditing and its procedures
It is NOT an examination to test your abilities to write out the titles of differing financial statements
However, IF these statements are being written in a report, the first time you mention them should be in full, like this:
“If we consider the statement of financial position (SoFP) …… ”
Ok?
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