Question 1
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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. Financial accounting (...
3.1. Preparation of financial state...

the distinction between a receipts and payments account and an income and expenditure account

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

the difference between the treatment of capital and revenue income and capital and revenue expenditure

1. Financial accounting (...
1.5. Preparation of financial state...

the distinction between capital reserves (share premium and revaluation reserve) and revenue reserves (retained earnings and general reserve)