alleryStart learning →With a voluntary third P&L, is a third balance sheet needed?
ANo, it is not required
BYes, if it has been audited
CYes, if profit has risen
DYes, it is always needed
Answer & Solution
Correct answer: A. No, it is not required
An extra comparative profit statement does not oblige the entity to add a third balance sheet, cash flow statement or equity statement.
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