CC Ltd is an unlisted public company and it is a non disclosing entity.CC Ltd is not a reporting entity.Under the Corporations Act, CC Ltd must prepare an annual financial report in accordance with:
A)AASB 101 only
B)all accounting standards
C)AASB 101, 107, 108, 1031 and 1048 only
D)AASB 101, 107 and 108 only

Question

Quizplus · Accepted Answer

Non-reporting entities like CC Ltd must prepare financial reports in accordance with specific accounting standards, including AASB 101, 107, 108, 1031, and 1048, as per the Corporations Act requirements.

CC Ltd Is an Unlisted Public Company and It Is