Section 5. Preparation of financial statements for Accounting, O Level - revisedeck

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5. Preparation of financial statements

A section of Accounting, 7707

Listing 10 of 227 questions

Why would a bank manager be interested in the financial statements of a business?

7707_s22_qp_12

MCQ

2022

Paper 1, Variant 2

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At the end of the financial year, Karim decided to increase his provision for doubtful debts. How will this affect his income statement and the statement of financial position?

7707_s23_qp_11

MCQ

2023

Paper 1, Variant 1

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What does the statement of financial position of a business show?

7707_s23_qp_12

MCQ

2023

Paper 1, Variant 2

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How does a trader use the information provided by financial statements?

7707_s24_qp_12

MCQ

2024

Paper 1, Variant 2

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A trader prepares financial statements each year. What do these assist the trader to do?

7707_w20_qp_12

MCQ

2020

Paper 1, Variant 2

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A trader prepares financial statements each year. What do these assist the trader to do?

7707_w20_qp_13

MCQ

2020

Paper 1, Variant 3

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Why does a trader calculate the profit of his business?

7707_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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John maintains a full set of accounting records. Why does he also prepare a statement of financial position?

7707_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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Why would a supplier be interested in the financial statements of a credit customer?

7707_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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Ahmed is a trader. Why should he prepare financial statements?

7707_w22_qp_13

MCQ

2022

Paper 1, Variant 3

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Questions Discovered

227