Question 34
Question 34 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
7. Accounting principles...
7.1. Accounting principles

explain and recognise the application of the following accounting principles: matching, business entity, consistency, duality, going concern, historic cost, materiality, money measurement, prudence, realisation

1. The fundamentals of ac...
1.1. The purpose of accounting

state the purposes of measuring business profit and loss

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

calculate and comment on the effect on profit of incorrect treatment