Question 11
Question 11 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 (...
1.5. Preparation of financial state...

how to calculate and record the adjustments needed and the effect on financial statements in respect of: accruals and prepayments of income and expenses, irrecoverable debts, irrecoverable debts recovered and allowance for irrecoverable debts, depreciation, inventory valuation, correction of errors

4. Cost and management ac...
4.3. Budgeting and budgetary contro...

how to prepare a statement reconciling the flexible budgeted profit with the actual profit

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

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