A-LevelAccountingPreparation of financial statements9706/12 · May/June 2021 · Q111 Mark

Which item would not appear in the financial statements of a sole trader?

Abank overdraft

Bdividends paid

Cinterest received

Dloss on disposal of machinery

✓ Correct answer

B: dividends paid

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2021 Paper 1 Variant 2, question 11.

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