Question 17
Question 17 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...

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

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

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