Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Under international accounting standards, the following expenses must be appeared in the income statement when occur except?

Under international accounting standards, the following expenses must be appeared in the income statement when occur except; a) Establishment expenses and pre-operating expenses. b) advertising and promotional expenses, training expenses for employees. c) Temporary construction costs. d) (a) and (b) above is true.

user-image
Question added by Rashad Moursi , Finance Director & Business Development, International Business Transformer Owners Repr. - Hotels , Investment and financial
Date Posted: 2014/06/01
Abdulla Alajmi
by Abdulla Alajmi , Finance Manager , Kafco

I think option d

Hujat Ullah Khan
by Hujat Ullah Khan , Group Financial Controller , SAED Alraeda Group

A: is the right option

Adeel Azam
by Adeel Azam , Cashier , Cakes & Bakes

I think option d is correct.

Rashad Moursi
by Rashad Moursi , Finance Director & Business Development, International Business Transformer Owners Repr. - Hotels , Investment and financial

d- (a) and (b) above is true

Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

D

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

The Answer D

Muhammad Awais Azeem
by Muhammad Awais Azeem , Accountant Cum Admin Officer , PakTurk International School & Colleges

D is the correct answer. Under international accounting standards

Ezzidin Ibrahim
by Ezzidin Ibrahim , Financial Controller , Karim Food Industries

c) Temporary construction costs

More Questions Like This