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MikeLittle.
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voudouri
- Topics: 18
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Which is the difference between other comprehensive income and income statetment?
MikeLittle
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Statement of Profit or Loss (not ‘Income statement’) shows income and expense of ongoing normal trading activities whereas Statement of Comprehensive Income shows matters such as revaluation changes and gains / losses from pension funds (not in F7 syllabus)
voudouri
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And what about income statement? What it shows?
MikeLittle
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There’s no such thing as an “Income Statement”
voudouri
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