Question

What is the purpose of presenting notes in the order suggested by lAS 1.114?

a.

To simplify the presentation for readers

b.

To comply with regulatory requirements

c.

To facilitate cross-verification from the face of the financial statements to the relevant note

d.

To prioritize information required by IFRS over other disclosures.

Answer: (c).To facilitate cross-verification from the face of the financial statements to the relevant note Explanation:The order suggested by lAS 1.114 is designed to facilitate cross-verification from the face of the financial statements to the relevant note, ensuring clarity and coherence.

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Q. What is the purpose of presenting notes in the order suggested by lAS 1.114?

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