Question 20
Question 20 of 35
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
4. Accounting procedures
4.1. Capital and revenue expenditur...

calculate and comment on the effect on profit of incorrect treatment

5. Preparation of financi...
5.1. Sole traders

understand that statements of financial position record assets and liabilities on a specified date

3. Verification of accoun...
3.2. Correction of errors

understand the effect of correction of errors on a statement of financial position