Which of the following do NOT need to be disclosed in financial statements?
A) details concerning revaluations
B) cost and accumulated depreciation by major classes of assets
C) a description of the enterprise's accounting policies with respect to depreciation/amortisation
D) reasons for assets not being revalued.

Question

Quizplus · Accepted Answer

Reasons for assets not being revalued do not need to be disclosed in financial statements, as financial statements typically focus on the values and methods used, rather than the rationale for not applying certain methods.

Which of the Following Do NOT Need to Be Disclosed