Question 21
Question 21 of 35
Question image for Q21
You can solve this MCQ to see its answer, but your attempt won't be logged unless you login
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...
5.3. Limited companies

understand the capital structure of a limited company comprising preference share capital, ordinary share capital, general reserve and retained earnings

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

make adjustments for accrued and prepaid expenses and accrued and prepaid income

4. Accounting procedures
4.1. Capital and revenue expenditur...

calculate and comment on the effect on profit of incorrect treatment