A-LevelAccountingPreparation of financial statements9706/12 · May/June 2018 · Q121 Mark

A business does not keep complete accounting records. All transactions are in cash. Which item will not be required in order to calculate the owner's cash drawings?

Anon-current assets purchased

Bopening capital account

Cpurchases

Dsales

✓ Correct answer

B: opening capital account

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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, May/June 2018 Paper 1 Variant 2, question 12.

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