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
1. The fundamentals of ac...
1.1. The purpose of accounting

state the purposes of measuring business profit and loss

5. Preparation of financi...
5.1. Sole traders

understand the inter-relationship of items in a statement of financial position

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

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