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Teminology of Statements

AAnisa3y ago
Hi Tutor, Will be be marked down in any way if I refer to the Statement of Financial Position as Balance Sheet? And is it acceptable for us to abbreviate the financial statements when discussing them in our answers. E.g Statement of Profit or Loss = P/L Other Comprehensive Income = OCI Statement of Cash Flows = SCF Thank you
stephenwidbergstephenwidbergTutor3y ago#1
All the above is YES. It will be fine. :)
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