Question 5
Question 5 of 30
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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...

how to prepare a realisation account and a revaluation account

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)

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

how to prepare ledger accounts and journal entries for: non-current assets (acquisition and revaluation), depreciation and disposal (including entries for part exchange)