3.1 A company name that ends in ‘SOC Ltd’ is SOC Ltd. 3.2 A company that ends with ‘Ltd’ is Ltd. 3.3 A reporting period is normally 6 months long. 3.4 For something to be neutral it must be without

Question: QUESTION 3 FILL IN THE MISSING WORDS (20 MARKS) 3.1 A company name that ends in ‘SOC Ltd’ iS______________ 3.2 A company that ends with ‘Ltd’ is_______________ 3.3 A reporting period is normally ____________ months long 3.4 For something to be neutral it must be without__________ 3.5 The underlying assumption when using a set of financial statements is _______ 3.6 Assets, liability and equity depicts ____________ 3.7 When we recognise an element, it means processing a _________ 3.8 Before recognising an asset or liability, it must meet the relevant_______ and ____________ 3.9 The statement of comprehensive income provides information about the entity’s financial___________ 3.10 The objective of ___________ is to prescribe the basis for presentation of general purpose financial statements.