Question 35
Question 35 of 35
Question image for Q35
You can solve this MCQ to see its answer, but your attempt won't be logged unless you login
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
1. The fundamentals of ac...
1.1. The purpose of accounting

understand and explain the difference between book-keeping and accounting

7. Accounting principles...
7.2. Accounting policies

recognise the influence of international accounting standards and understand the following objectives in selecting accounting policies: comparability, relevance, reliability, understandability