Question 20
Question 20 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

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

5. Preparation of financi...
5.2. Partnerships

explain the uses of and differences between capital and current accounts

1. The fundamentals of ac...
1.2. The accounting equation

explain the meaning of assets, liabilities and owner’s equity