What is the correct heading on a statement of profit or loss and other comprehensive income made up for a twelve month period to 30 June 2016?
A) As at 30 June 2016
B) For the year ended 30 June 2016
C) For the period ended 30 June 2016
D) 30th June 2016

Question

Quizplus · Accepted Answer

The correct heading for a statement of profit or loss and other comprehensive income for a twelve month period is "For the year ended 30 June 2016". This clearly indicates that the statement covers the entire fiscal year from July 1, 2015 to June 30, 2016.

What Is the Correct Heading on a Statement of Profit