Q1 of 7707_s23_qp_11

Question 1

Question 1 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

1. The fundamentals of ac...

1.1. The purpose of accounting

explain the role of accounting in providing information for monitoring progress and decision-making

6. Analysis and interpret...

6.4. Interested parties

explain the uses of accounting information by the following interested parties for decision-making: owners, managers, trade payables, banks, investors, club members, other interested parties such as governments, tax authorities, etc.