Question 16
Question 16 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...
3.2. Correction of errors

understand the effect of correction of errors on a statement of financial position

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

calculate and comment on the effect on profit of incorrect treatment

5. Preparation of financi...
5.1. Sole traders

recognise and define the content of a statement of financial position: non-current assets, intangible assets, current assets, current liabilities, non-current liabilities and capital