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
3. Financial accounting (...
3.3. Business acquisition and merge...

how to prepare journal entries and make entries in the relevant ledger accounts to record the: merger of two or more sole trader businesses to form a partnership or a limited company, merger of a sole trader’s business with an existing partnership to form a new partnership, acquisition of a sole trader’s business or partnership by a limited company

1. Financial accounting (...
1.2. The accounting system

the role of books of prime entry in the recording of business transactions: sales journal, sales returns journal, purchases journal, purchases returns journal, cash book, general journal

4. Cost and management ac...
4.2. Standard costing

the significance of non-financial factors