A-LevelAccountingThe accounting cycle9706/12 · Oct/Nov 2023 · Q21 Mark
Which statements describe advantages of maintaining full accounting records? 1 A more complete assessment of business performance is possible. 2 Book-keeping costs are minimised. 3 Business managers can make more informed decisions. 4 Financial statements will be free from errors and inaccuracies.
A1 and 3
B1 and 4
C2 and 3
D2 and 4
✓ Correct answer
A: 1 and 3
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