Question 1
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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
5. Preparation of financi...
5.1. Sole traders

explain the importance of preparing income statements and statements of financial position

5. Preparation of financi...
5.3. Limited companies

prepare income statements, statements of changes in equity and statements of financial position

2. Sources and recording...
2.1. The double entry system of boo...

balance ledger accounts as required and make transfers to financial statements