Question 19
Question 19 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
4. Accounting procedures
4.5. Valuation of inventory

recognise the importance of valuation of inventory and the effect of an incorrect valuation of inventory on gross profit, profit for the year, equity and asset valuation

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

apply the techniques of mark-up, margin and inventory turnover to arrive at missing figures