Question 3
Question 3 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...
3.3. Bank reconciliation

understand the purpose of and prepare a bank reconciliation statement to include bank errors, uncredited deposits and unpresented cheques

2. Sources and recording...
2.3. Books of prime entry

explain the use of and record payments and receipts made by bank transfers and other electronic means

2. Sources and recording...
2.1. The double entry system of boo...

recognise the division of the ledger into the sales ledger, the purchases ledger and the nominal (general) ledger