Question 15
Question 15 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

how to record the effect of a charge for depreciation in the statement of profit or loss and statement of financial position

how to prepare a statement of profit or loss, statement of financial position and statement of changes in equity for a limited company. The business may be a trading or a service business

how to prepare for a limited company in line with the relevant international accounting standards and legal requirements: statement of profit or loss, statement of financial position, statement of cash flows, statement of changes in equity, schedule of non-current assets