Question 8
Question 8 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 (...
1.4. Reconciliation and verificatio...

how to prepare ledger accounts and journal entries to correct errors using a suspense account

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

the distinction between a receipts and payments account and an income and expenditure account

1. Financial accounting (...
1.5. Preparation of financial state...

the provisions of the Partnership Act 1890 in respect of partners’ salaries, division of profit or loss, interest on partners’ loans, interest on capital and interest on drawings