Question 12
Question 12 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
3. Verification of accoun...
3.3. Bank reconciliation

update the cash book for bank charges, bank interest paid and received, correction of errors, credit transfers, direct debits, dividends, and standing orders

2. Sources and recording...
2.3. Books of prime entry

explain the dual function of the cash book as a book of prime entry and as a ledger account for bank and cash

3. Verification of accoun...
3.1. The trial balance

identify and explain those errors which do not affect the trial balance: commission, compensating, complete reversal, omission, original entry, principle