The correct heading on a statement of profit or loss and other comprehensive income made up for a twelve-month period to 30 June 2019 is:
A) 30th June 2019
B) as at 30 June 2019
C) for the year ended 30 June 2019
D) for the period ended 30 June 2019

Question

Quizplus · Accepted Answer

"For the year ended" is the correct phrase to use when referring to a full financial year's profit and loss statement. Option A and B are incorrect because they only refer to a specific date and not the entire year. Option D could be used, but "for the year ended" is the more common phrase.

The Correct Heading on a Statement of Profit or Loss