Question 26
Question 26 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...
5.2. Partnerships

record interest on partners’ loans, interest on capital, interest on drawings, partners’ salaries and the division of the balance of profit or loss

5. Preparation of financi...
5.3. Limited companies

understand and distinguish between share capital (preference shares and ordinary shares) and loan capital (debentures)