Day: October 14, 2022

Which of these items must be disclosed, according to company law, in the notes to a Company’s published Profit and Loss Account?

Select ONE answer:

1. a review of the company’s activities for the year
2. the remuneration of the auditors
3. exceptional items
4. details of research and development activities undertaken

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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