Question 8
Question 8 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
2. Sources and recording...
2.3. Books of prime entry

distinguish between and account for trade discount and cash discounts

5. Preparation of financi...
5.6. Incomplete records

calculate sales, purchases, gross profit, trade receivables and trade payables and other figures from incomplete information

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

understand the inter-relationship of items in a statement of financial position