A-LevelAccountingPreparation of financial statements9706/12 · May/June 2020 · Q81 Mark

A sole trader does not keep a complete set of books of account. He believes a staff member has stolen some cash. Which items will not be needed to calculate the amount missing? 1 cash in hand at the beginning and end of the year 2 owner's drawings taken from the bank 3 cheques received from customers 4 totals of cash sales and cash purchases

A1 and 4

B2 and 3

C2 only

D3 only

✓ Correct answer

B: 2 and 3

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2020 Paper 1 Variant 2, question 8.

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