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Is it necessary to write "Less' or "Add" in financial statements? Can we use any other sign, is it acceptable?

Accounting Financial Reporting Financial Accounting Accounting and Finance
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Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/08/09
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Aqid Hussain
by Aqid Hussain , Internee , State Bank of Pakistan - Banking Services Corporation

It is not necessary for the firm to indicate ADD or LESS, but such indications are used only to increase the comprehension level of the users. The Firm can also put brackets to indicate the entry which should be deducted, or the firm can simply put a minus sign to indicate the deductions.

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