Question 26
Question 26 of 35
Question image for Q26
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

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

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

calculate profit or loss for the year from changes in capital over time

5. Preparation of financi...
5.2. Partnerships

record interest on partners’ loans, interest on capital, interest on drawings, partners’ salaries and the division of the balance of profit or loss