Question 14
Question 14 of 30
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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. Financial accounting (...
1.4. Reconciliation and verificatio...

the effect on the financial statements of the correction of errors

1. Financial accounting (...
1.3. Accounting for non-current ass...

the effect on profit/loss and asset value of the incorrect treatment of capital and revenue expenditure

3. Financial accounting (...
3.1. Preparation of financial state...

how to account for manufacturing profit and the elimination of unrealised profit from unsold inventory