Question 18
Question 18 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...
5.1. Sole traders

prepare income statements for trading businesses and for service businesses

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

calculate sales, purchases, gross profit, trade receivables and trade payables and other figures from incomplete information

4. Accounting procedures
4.1. Capital and revenue expenditur...

calculate and comment on the effect on profit of incorrect treatment