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A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2025 · Q131 Mark

Which items will be included when valuing inventory? 1 carriage inwards 2 costs of storage 3 purchase price 4 selling costs

A1 and 2
B1 and 3
C2 and 3
D3 and 4

✓ Correct answer

B: 1 and 3

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About this question

Topic
Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Feb/Mar 2025 Paper 1 Variant 2, question 13.

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