Question 25
Question 25 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
5. Preparation of financi...
5.3. Limited companies

understand the meaning of the term equity

1. The fundamentals of ac...
1.2. The accounting equation

explain the meaning of assets, liabilities and owner’s equity