Question 33
Question 33 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

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

calculate profit or loss for the year from changes in capital over time

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

calculate and comment on the effect on profit of incorrect treatment